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GST - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Levy of GST - Delayed payment of tharges which are overdue from ...


GST Not Applicable on Delayed Payment Charges for Securities Trading; Considered Deferment of Liability, Not Service Provision.

August 1, 2019

Case Laws     GST     AAAR

Levy of GST - Delayed payment of tharges which are overdue from the client towards trading of securities and reimbursed to them - It is purely a deferment of liability only which arose since the payment was not made within the stipulated period of time by the client to the Stock Exchange for purchase of Securities. - not liable to GST

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