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(27.10.2026)

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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]