AAAR: Act of tolerating cheque bounce/dishonor, constitutes a ‘supply’, liable to GST

Maharashtra AAAR upholds the order of AAR which held that ‘Bounce Charges’ collected from the customers/borrowers in case of dishonor of instruments on ground of insufficiency of funds, would attract ‘GST’;  AAR held that appellant has tolerated the act, or situation of default by borrower of loan, against some fixed amount/charges agreed which is adequately covered under the provision of entry 5 (e) of Schedule II to CGST Act, 2017; Remarks that a conjoint readi...