Clarification likely on GST on NBFC co-lending
New Delhi: The government has assured non-banking financial companies (NBFCS) that it will examine the concerns around levy of goods and services tax (GST) on their co-lending arrangements with banks.
A clarification could be issued after the issue is looked into, officials said. At a meeting with finance ministry officials last week, banks and NBFCs raised the issue of GST authorities serving notices, saying it would lead to distortion and raise the cost of lending for the companies.
