https://www.taxtmi.com/article/detailed?id=8907 Bounce charges for dishonour of repayment instruments constitute monetary consideration received for tolerating the act and therefore qualify as a supply of services under GST. The interest exemption does not cover such service fees, which are distinct from default interest, so bounce charges are not exempt and are taxable. en-us Thu, 16 Jan 2020 10:58:18 +0530 Thu, 16 Jan 2020 10:58:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8907 Bounce charges for dishonour of repayment instruments constitute monetary consideration received for tolerating the act and therefore qualify as a supply of services under GST. The interest exemption does not cover such service fees, which are distinct from default interest, so bounce charges are not exempt and are taxable. Articles Goods and Services Tax - GST Thu, 16 Jan 2020 10:58:18 +0530 https://www.taxtmi.com/article/detailed?id=8907