New Tirupur Area Development Corporation Limited ., In re
Date: February 26, 2021
Subject Matter
GST leviable on Cheque Bouncing Charges, interest received on delayed payments, Connection/Disconnection charges i.r.o water distribution services
Summary
i. Interest on receivable on delayed payments being charges received for ‘Agreeing to tolerate an act’ classifiable under SAC 999794 is taxable @ 9% CGST and 9% SGST as per Sl.No. 35 of Notification No. 11/2017- C.T.(Rate) dated 28.06.201…
M/S. New Tirupur Area Development Corporation Limited, Polyhose Towers 1st Floor 86 Mount Road Chennai Tamil Nadu is a public limited company, promoted by TN Government, Tamilnadu Water Investment Company Limited (TWIC), and ILFS Ltd, is registered under the GST Act 2017 vide GSTIN No. 33AAACN3562H1ZP (hereinafter referred as ‘Applicant’ or ‘NTADCL’). The applicant has soug…