GST:
The CBIC has clarified on various issues related to provisions of section 17(4) of the Central Goods and Services Tax Act, 2017 in case of banking companies or financial institutions, including non-banking financial companies, engaged in supplying services by way of accepting deposits, extending loans or advances, in respect of apportionment of credit toward taxable supplies including zero-rated supplies.
[Circular No. 261/10/2026-GST dated 26.10.2026]