GST: Ancillary supplies shall take colors from principal supply

In re M/s. Indo Thai Securities Limited (GST AAR Madhya Pradesh) It is clear from the simple reading of 15(2)(d) that the interest, late fee or penalty charged from customer shall be added to the transaction value and hence shall be taxable at the rate at which such goods/ services are taxable or in other words the classification of interest, late fee or penalty cannot be different from the classification of goods or services. Here in the given case applicant is stock broker engaged in the activity of purchase and sales of securities for & on behalf of it’s customers and the consider...