Copy of the Draft Letter to the Bank for Deferment of Interest, EMI & Term Loan Repayment : CA Jethalal Rukhiyana
ππ’π‘ππ¨π¦ππ‘π π¬πππ₯ ππ‘π π ππ₯ππ π©π¦ ππ¨π‘π : CA Sharad Thawali
Whether Supply of SCADA System to RVNL is eligible to charge rate 12% under Entry No. 3 (v) (a) of Notification No. 11/2017 β Central Tax (Rate) dated 28/06/2017 or it should be 18%
Borrower need to approach for availing the moratorium for repayment of term loan & Working Capital. Itβs not automatic
Interesting Judgment: Interest paid for acquisition of capital assets is a part of cost of acquisition. To exclude the interest amount from the actual cost of the asset would lead to anomalous results.