Exemption from GST — Sections 15(2)(d), 2(5), 2(105),9, 86 of CGST, 2017 - The applicant are Del Credere Agent appointed by the supplier of goods and has dual role, the first role is to promote the sale and take orders for goods to be supplied by the principal directly and the second role is to guarantee the principal for the payment of goods supplied. The Applicant sought Advance Ruling on the question “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)?“ The Authority Ruled out that “Service provided by Applicant by way of extending short term loans in so far as the consideration is represented by way of interest, is covered under Sl. No. 27 of the Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017 and Notification No. 12/2017-State Tax (Rate) dated 30.06.2017, and hence exempt from payment of Goods and Services Tax”.—Shreenath Polyplast Pvt. Ltd., In Re…. [2018] 02 TAXLOK.COM 358 (AAAR-Gujarat)