Car park owners may specify contractual penalties in the regulations. This type of fee does not constitute remuneration for the owner of the car park. It is compensation for the client’s failure to fulfill the obligations provided for in the regulations. Therefore, it is not subject to VAT. This was confirmed by the Treasury.
Source Prawo
Latest Posts in "India"
- India’s GST Council Endorses Two-Tier Tax Structure for 2025
- GST Reduction on Fruit Drinks Excludes Colas; Prices Remain Unchanged for Carbonated Beverages
- Supreme Court Stays Retrospective GST Penalty, Examines Applicability to Non-Taxable Persons
- India Unveils Simplified GST Rate Structure
- GST 2.0: Key Changes, New Rates, and Business Impact Explained
