Interest Charges by HDFC Bank Considered Inward Supply for Threshold Calculation of 80% under GST

In re Mangalam Developers (GST AAR West Bengal)

In the case of In re Mangalam Developers (GST AAR West Bengal), the applicant sought clarity on whether interest charges by HDFC Bank Ltd should be considered as inward supply from registered suppliers when calculating the required threshold of 80% as mandated by Notification No. 03/2019-Central Tax (Rate) dated March 29, 2019. The applicant, engaged in constructing affordable residential flats, is obligated to procure a minimum of 80% of their inputs and input services from registered suppliers to benefit from the lo

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