Experts hold that this ruling, which has recently been made publicly available, will pinch the pockets of customers and may also lead to litigation. While advance rulings are binding only on the applicant and the tax authorities, they do create precedence in other similar cases.
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Delayed loan EMI? Cough up 18% GST on penal interest
Delayed loan EMI? Cough up 18% GST on penal interest
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