Amount charged as interest on transaction based short term loan given by the Del Credere Agent (DCA) to buyers of material is exempt from tax (AAR: Gujarat)

The applicant, M/s. Shreenath Polyplast Pvt. Ltd. has raised the following questions for advance ruling – “Whether an amount charged as interest on transaction based short term loan given by the Del Credere Agent (DCA) to buyers of material is exempt from tax in terms of the  Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017  (Serial Number 27)? 2.1 The applicant has submitted…