GST-related details to ensure smooth loan approval.
GST isn’t just about goods; it also applies to services. Certain services like consulting, construction, and IT services may attract 12% or 18% GST, depending on the nature of the service provided. The Project Report for Bank Loan preparation must include GST-related details to ensure smooth loan approval. For startups in services, it's important to comply with GST registration and filing requirements to avail benefits such as input tax credits and avoid penalties.
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