Interest on Short-Term Loans by Del Credere Agents Exempt from GST, Says Authority for Advance Rulings.

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....Exemption from GST - Whether an amount charged as interest on transaction based short term loan given by the Del Credere Agent (DCA) to buyers of material is exempt from tax in terms of the N/N. 12/2017-Central Tax (Rate) dated 28.06.2017? - Held Yes - AAR....