Exemption from GST on interest and discount for loans and deposits, with specified exclusions and forex transaction carve-outs. Services by way of extending deposits, loans or advances are exempt from GST when consideration is interest or discount, excluding credit card interest; inter se sale or purchase of foreign currency among banks or authorised dealers is also exempt. 'Authorised dealer of foreign exchange' aligns with the Foreign Exchange Management Act definition, and 'interest' excludes service fees and charges for unutilised credit facilities. Circulars clarify GST treatment for overseas-to-Indian related party loans and for delayed payment charges on EMIs.