https://www.taxtmi.com/forum/issue?id=120790 Whether purported unsecured loan receipts can be treated as consideration for construction services depends on economic substance: genuine loans recorded as liabilities with supporting documentation and interest retained loan character, whereas undocumented, sequenced receipts that operate as pre payments may be recharacterised under the substance over form principle and treated as taxable advances for GST. en-us Tue, 03 Mar 2026 22:26:23 +0530 Wed, 11 Mar 2026 07:48:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120790 Whether purported unsecured loan receipts can be treated as consideration for construction services depends on economic substance: genuine loans recorded as liabilities with supporting documentation and interest retained loan character, whereas undocumented, sequenced receipts that operate as pre payments may be recharacterised under the substance over form principle and treated as taxable advances for GST. Discussion-Forum GST Tue, 03 Mar 2026 22:26:23 +0530 https://www.taxtmi.com/forum/issue?id=120790