Indo Thai Securities Limited ., In re
Date: June 25, 2019
Subject Matter
Classification of interest, late fee or penalty cannot be different from that of the principal supply
Summary
Here in the given case applicant is stock broker engaged in the activity of purchase and sales of securities for & on behalf of it’s customers and the consideration is being charged in the form of brokerage as a fixed percentage of transact…
1. The present application has been filed u/s 97 of the Central Goods & Services Tax Act, 2017 and MP Goods & Services Tax Act, 2017 (hereinafter also referred to CGST Act and SGST Act respectively) by M/s. INDO THAI SECURITIES LIMITED (hereinafter referred to as the Applicant), registered under the Goods & Services Tax. 2. The provisions of the CGST Act and MPGST Act are identic…