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The bounce charges recovered by NBFC will attract GST

Shanti Prime Publication Pvt. Ltd.

Levy of GST — The bounce charges recovered by the Appellant(a non-banking financial company) from their borrowers on account of the default of the borrowers, where their repayment instruments get dishonored due to lack of the sufficient fund in their bank account, will attract GST — Bajaj Finance Limited, In Re… [2019] 10 TAXLOK.COM 116 (AAAR-Maharashtra)