Tag Archives: finance lease transaction

GST on interest on a finance lease transaction : CBIC Clarify

By | June 4, 2018

Whether interest on a finance lease transaction is taxable under GST? A finance lease is a method of borrowing against the asset. The interest  represents the time value of the money expended by the Bank in financing the  asset. Services by way of extending deposits, loans or advances in so far as the consideration is represented… Read More »