Escrow freight deposits not consideration under Section 7 CGST Act; GST applies only on intermediary facilitation commission

Escrow freight deposits not consideration under Section 7 CGST Act; GST applies only on intermediary facilitation commissionCase-LawsGSTAAR held that amounts deposited by shippers into an escrow account operated by the applicant for onward remittance to c

Escrow freight deposits not consideration under Section 7 CGST Act; GST applies only on intermediary facilitation commission
Case-Laws
GST
AAR held that amounts deposited by shippers into an escrow account operated by the applicant for onward remittance to carriers do not constitute “consideration” under Section 7 of the CGST Act, as the sums never accrue to the applicant and are held purely as deposits belonging to the transacting parties. The applicant's only taxable supply is its fac

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