The Andhra Pradesh Authority of Advance Ruling (AAR) ruled that 12% of GST is applicable on interest/penalty collected for the delay in payment of monthly subscription by the members of the chit fund company. The applicant, M/s. Ushabala Chits Private Limited is a company, engaged in conducting chit auctions for the past 36 years and […]
from Taxscan | Simplifying Tax Laws https://ift.tt/2Dy2Idt
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