TMI BlogSAC FOR INTEREST ON LOANSX X X X Extracts X X X X X X X X Extracts X X X X ..... SAC FOR INTEREST ON LOANS X X X X Extracts X X X X X X X X Extracts X X X X ..... loans exmpted under GST. Reply By Nitika Aggarwal: The Reply: Dear Sir, SAC for Services by way of extending deposits, loans or advances in so far as the consideration is represented by way of inte ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rest or discount (other than interest involved in credit card services); is covered under heading 9971. In order to substantiate the same, reliance shall be placed on entry no 27 of Mega Exemption No ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tification No. 12/2017-Central Tax rate dated 28.06.2017.
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Nitika Aggarwal
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