Bajaj Finance Limited ., In re
Date: August 6, 2018
Subject Matter
Recovery of cheque bounce charges is made in view of toleration of the act of the client by the applicant and therefore construes as ‘supply’
Summary
In the present case, as per details presented before us, we clearly find that there is a clear understanding or agreement between the parties in the present case to foresee and tolerate an act or a situation of default on the part of the client…
The present application has been filed under section 97 of the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017 [hereinafter referred to as “the CGST Act and MGST Act”l by Bajaj Finance Limited, the applicant, seeking an advance ruling in respect of the following question: Whether the Bounce Charges collected by the Applicant should be treat…