AAAR : Member differ on taxability of interest charged by Del Credere Agent towards loan to buyers

Gujarat AAAR members differ in their opinion while hearing Revenue’s appeal against order of Gujarat AAR holding that amount charged as interest on transaction based short term loan given by Del Credere Agent (DCA / respondent) to buyers of material is exempt from GST in terms of Notification No. 12/2017-Central Tax / State Tax (Rate); Member (Central Tax) disagreed with view of AAR and opined that transaction of supply of goods and making of payment to the princi...