https://www.taxtmi.com/caselaws?id=385925 The ruling determined that the additional amount charged on delayed payments by a stock broker, which may be termed as interest, late fee, or penalty, should be classified as part of the principal supply of stock broking services. It clarified that the additional amount does not qualify as interest under Notification No. 12/2017 and is considered a penalty for delayed payments. Therefore, the tax liability on the additional amount should align with that of the stock broking services. The ruling is valid under Section 103(2) until declared void under Section 104(1) of the GST Act. en-us Tue, 25 Jun 2019 00:00:00 +0530 Tue, 11 Mar 2025 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385925 The ruling determined that the additional amount charged on delayed payments by a stock broker, which may be termed as interest, late fee, or penalty, should be classified as part of the principal supply of stock broking services. It clarified that the additional amount does not qualify as interest under Notification No. 12/2017 and is considered a penalty for delayed payments. Therefore, the tax liability on the additional amount should align with that of the stock broking services. The ruling is valid under Section 103(2) until declared void under Section 104(1) of the GST Act. Case-Laws GST Tue, 25 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385925