GST- Goods And Service Tax
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Del Credere Agent has provided the services by way of extending short term loans insofar as consideration is represented by way of interest which is covered under Sl. No. 27 of Notification 12/2017-CT(R) dated 28-6-2017 and Notification No. 12/2017 – ST(R) dated 30-6-2017and hence exempted from payment of Goods and Services Tax.
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