IN THE H M/S HOME CRE HARYANA AP AND ORS CORAM : HO HO Present : Mr for Ms for Mr for DEEPAK SIBA At the revenue very this petition has of Indirect T No.245/02/2025 directions of the with material ter penal charges a transactions wo 18.10.2024 can b Sr. No.124 THE HIGH COURT OF PUNJAB A CHANDIGARH CWP-654 Date of D CREDIT INDIA FINANCE PVT LTD Versus A APPELLATE AUTHORITY FOR HON’BLE MR. JUSTICE DEEPAK HON’BLE MS. JUSTICE LAPITA Mr. Rishabh Mishra, Advocate for the petitioner. (Through V.C.) Ms. Pridhi Jaswinder Sandhu, Seni for respondents No.1 and 3. Mr. Sourabh Goel, Addl. A.G., Har for respondents No.2 and 4. *** SIBAL, J. (Oral) At the outset, learned State counse very fairly submit that the issue raise n has been clarified in the petitioner’s ct Taxes and Customs, New D /2025-GST dated 28.01.2025, as pe the Reserve Bank of India dated 18. rial terms and conditions of the loan con rges are charged by regulated entiti would be payable and therefore 4 can be set aside. JAB AND HARYANA AT ARH 6540-2025(O&M) te of Decision : 25.03.2026 …PETITIONER FOR ADVANCE RULING …RESPONDENTS EPAK SIBAL PITA BANERJI .C.) , Senior Standing Counsel ., Haryana ounsel as also learned counsel for ue raised by the petitioner through oner’s favour by the Central Board ew Delhi through its circular as per which, in line with the ted 18.08.2023, for non-compliance an contract by the borrower, if any entities, then no GST on such efore, the impugned order dated PRINCE SAINI 2026.04.01 08:56 I attest to the accuracy and integrity of this document CWP-6540-2025 In 18.10.2024 along No 25.03.2026 Prince Whether speaking/reasoned Whether reportable : 2025(O&M) In the light of the above statemen 4 alongwith all consequential orders are No costs. (DEEPAK JU (LAPITA JU asoned : Yes/No Yes/No -2- tement, the impugned order dated ers are quashed. EPAK SIBAL) JUDGE APITA BANERJI) JUDGE PRINCE SAINI 2026.04.01 08:56 I attest to the accuracy and integrity of this document