Banks reach out to advisers seeking clarity on GST over CBLO income

CBLO is a lending and borrowing instrument issued in an electronic book entry form, for a maturity period ranging from one day to one year. Borrowers and lenders carry out transactions on the Clearing Corporation of India platform. There is no GST on interest charged by banks but there is no clarity whether returns on CBLO are an interest or profit.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Zgam33