Cheque-bounce charge to attract GST, rules AAAR

Charges levied in case of cheque bounce will attract Goods & Services Tax (GST), says a ruling by Maharashtra’s Appellate Authority for Advance Ruling (AAAR).  New circulars Accordingly, AAAR has upheld the ruling by the Authority by Advance Ruling (AAR). Technically speaking, the ruling by AAAR or AAR is persuasive than referral in similar matters. They are applicable only to the applica…