Securitisation transactions must be exempt from GST, says FIDC

The Finance Industry Development Council (FIDC) has urged the GST Council to exempt securitisation transactions from the GST levy. There is need for the GST Council to confirm the position about the non-applicability of GST on securitisation transactions, FIDC Chairman Raman Aggarwal told  BusinessLine . FIDC is a self regulatory body representing asset-financing non-banking finance companies…