Interest Subvention Income for Effective Rate Reduction is GST Chargeable, Classified as 'Supply' Under CGST Act Section 7.

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....Levy of GST- Whether the interest subvention income received to reduce the effective interest rate to the final customer is chargeable to GST? - Held Yes - this transaction between DFSI and MB India is a ‘Supply’ under Section 7 of CGST Act.....