Concerned about goods and services tax (GST) notices, banks have approached the finance ministry to ensure that the GST doesn’t apply to the levy of penal interest imposed on the customer in case of a default, or delay in repayment and non-compliance of loan conditions, sources told FE.
Source: a2ztaxcorp.com
Latest Posts in "India"
- Key Changes in RBI’s FEMA Export and Import Regulations, 2026: Integrated Rules and Reporting Updates
- Deemed Exports Under GST: Eligibility, Taxation, and Refunds for Supplies to SEZs and EOUs
- How RoDTEP and GST Together Ensure Tax-Neutral Exports for Indian Exporters
- GST on Dine-in, Takeaway, and Delivery App Orders: Rates, Compliance, and Reporting Differences
- Ensuring ITC Compliance: Mastering GSTR-2B Reconciliation and Audit Readiness for 2026
