https://www.taxtmi.com/circulars?id=68018 Supply between related persons is treated as a supply even without consideration; services of extending loans are exempt from GST when consideration is only interest or discount. Distinct charges such as processing or administrative fees constitute taxable consideration for loan processing/facilitation services and attract GST. Where related parties charge no such fees beyond interest/discount, there is no taxable service and open market valuation should not be applied. en-us Tue, 09 Jul 2024 00:00:00 +0530 Tue, 31 Dec 2024 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68018 Supply between related persons is treated as a supply even without consideration; services of extending loans are exempt from GST when consideration is only interest or discount. Distinct charges such as processing or administrative fees constitute taxable consideration for loan processing/facilitation services and attract GST. Where related parties charge no such fees beyond interest/discount, there is no taxable service and open market valuation should not be applied. Circulars GST - States Tue, 09 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68018