Circular No. 218/12/2024-GST: Taxability of Loan Transactions Between Related Parties

 CIRCULAR NO. 218/12/2024-GST [F.NO. CBIC-20001/4/2024-GST]SECTION 7 OF THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 – SUPPLY – SCOPE OF – CLARIFICATION REGARDING TAXABILITY OF THE TRANSACTION OF PROVIDING LOAN BY AN OVERSEAS AFFILIATE TO ITS INDIAN AFFILIATE OR BY A PERSON TO A RELATED PERSONCIRCULAR NO. 218/12/2024-GST [F.NO. CBIC-20001/4/2024-GST], DATED 26-6-2024Representations have been received from trade and industry seeking clarity on whether there is any supply involved in the transaction of granting of loan by a person to a related...

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