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2018 (12) TMI 1862 - AAR - GSTTaxability - delayed payment charges on reimbursement of amount by client to Applicant - payment made by them beyond the time stipulated by the stock exchange and SEBI and for which payment is deducted by the stock exchange from the applicant's account - HELD THAT:- The delayed payment charges squarely get covered under GST for the purpose of taxation. The applicant is regularly providing services of 'trading of securities on behalf of customers' which is a supply of service on which the applicant is admittedly paying GST. Delayed payment charges are also linked to the above services of 'Trading of securities on behalf of customers' and GST on the same shall be payable in view of Section 15(2)(d) of CGST Act, 2017 and the UPGST Act, 2017. Thus, Applicant is liable to pay GST on the delayed payment of charges which are overdue from the client towards trading of securities and reimbursed to them.
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