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No GST on penal charges levied by banks, NBFCs and other regulated entities on loans, clarifies CBIC
The government has stated that no Goods and Services Tax (GST) is required to be paid on penal charges on loans levied by RBI ...
No GST on penal charges levied by banks, NBFCs: CBIC
The CBIC also clarified that this GST exemption is limited to payment settlement function only, which involves handling of ...
money.rediff2d
No GST on Bank, NBFC Penal Charges: CBIC
The Central Board of Indirect Taxes and Customs (CBIC) has clarified that GST will not be applicable on penal charges levied ...
A dedicated liquidity window mechanism for NBFCs is the need of the hour
A dedicated liquidity window mechanism or emergency lines of credit from financial institutions can go a long way in ...
cnbctv186d
Davos 2025 | RBI liquidity line to NBFCs will boost confidence, says Sanjiv Bajaj
Sanjiv Bajaj, Chairman and Managing Director (CMD) of Bajaj Finserv said that while liquidity is not a concern for large ...
Tax Guru3d
Issuance of NCDs by NBFCs: Regulatory Framework Guide
A Debenture Trustee, registered under SEBI (Debenture Trustees) Regulations, 1993, must be appointed for each NCD issuance. The trustee ensures compliance with the terms of the NCDs and safeguards the ...
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Slower loan growth and asset quality challenges for NBFCs in the third quarter
Digant Haria, Founder of GreenEdge Wealth Services, highlighted that microfinance companies and banks with a heavy focus on ...