Chennai Port Trust ., In re
Date: July 26, 2019
Subject Matter
GST is applicable on the interest, late fee, penalty received in the GST regime for the reason that consideration for such services provided in Service Tax regime is received belatedly
Summary
The applicant, has stated that there are quite a few cases where they have raised invoices during Service Tax regime and paid the service tax as per the then existed POT rules, but they are receiving interest, late fee, penalty in the GST regime for…
M/s. Chennai Port Trust , No.1, Rajaji Salai, Chennai-600001, (hereinafter called the Applicant) is engaged in supply of port services and incidental supply of goods like disposal of discarded assets . They are registered under GST with GSTIN 33AAALC0025B1Z9. They have preferred an Application seeking Advance Ruling on the following question : Whether the amount received on or after 01.07.2017 tow…