https://www.taxtmi.com/caselaws?id=799629 Entry 27 exempts services of extending deposits, loans or advances where consideration is interest or discount, excluding interest involved in credit-card services. Entitlement to exemption for disputed turnover requires cogent, transaction-specific and State-specific evidence linking the amount to exempt interest and the relevant registration. Consolidated audit material, returns and unsupported Chartered Accountant certificates do not discharge that burden where they fail to correlate interest adjustments with identified borrower accounts. Withholding relevant available evidence permits an adverse inference. Qualifying interest is exempt in principle, but an unsubstantiated claim that turnover relates to another State fails. en-us Tue, 22 Sep 2026 00:00:00 +0530 Thu, 24 Sep 2026 08:27:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799629 Entry 27 exempts services of extending deposits, loans or advances where consideration is interest or discount, excluding interest involved in credit-card services. Entitlement to exemption for disputed turnover requires cogent, transaction-specific and State-specific evidence linking the amount to exempt interest and the relevant registration. Consolidated audit material, returns and unsupported Chartered Accountant certificates do not discharge that burden where they fail to correlate interest adjustments with identified borrower accounts. Withholding relevant available evidence permits an adverse inference. Qualifying interest is exempt in principle, but an unsubstantiated claim that turnover relates to another State fails. Case-Laws GST Tue, 22 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799629