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of <h1>Corrigendum Clarifies No GST on Additional or Penal Interest in Transactions per Circular No. 102/21/2019-GST.</h1> The corrigendum to Circular No. 102/21/2019-GST clarifies that additional or penal interest charged in a transaction between two parties is not subject to GST under notification No. 12/2017-Central Tax (Rate) dated 28.06.2017. The original circular incorrectly stated the GST applicability on such interest. The value of the supply in the transaction remains Rs. 40,000 for GST purposes. Authorities are requested to issue trade notices to disseminate this information, and any implementation difficulties should be reported to the Board. A Hindi version of the circular will be provided.
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