https://www.taxtmi.com/caselaws?id=383843 The Appellate Authority for Advance Ruling in Uttar Pradesh ruled that the Appellant, a stockbroker, is not liable to pay GST on delayed payment charges collected from clients for securities purchased, where the client failed to pay the Stock Exchange within the stipulated time. This decision was based on the exemption of trading of securities under GST, aligning with the clarification by CBIC that delayed payment charges for settlement obligations are not subject to GST. en-us Thu, 18 Apr 2019 00:00:00 +0530 Tue, 11 Mar 2025 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383843 The Appellate Authority for Advance Ruling in Uttar Pradesh ruled that the Appellant, a stockbroker, is not liable to pay GST on delayed payment charges collected from clients for securities purchased, where the client failed to pay the Stock Exchange within the stipulated time. This decision was based on the exemption of trading of securities under GST, aligning with the clarification by CBIC that delayed payment charges for settlement obligations are not subject to GST. Case-Laws GST Thu, 18 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383843