Co-Lending and GST: Does the relationship between co-lenders constitute a supply that may be subject to GST?
Team Finserv (finserv@vinodkothari.com) Introduction Banks and Non Banking Financial Companies (‘NBFCs’) have been receiving notices from statutory authorities stating the occurrence of evasion of goods and services tax (‘GST’) in respect of co-lending arrangements. At present, the GST laws do not address the implications of GST on co-lending transactions. In response to the investigations carried […]