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        Case ID :
        GST - States

        Clarification regarding applicability of GST on additional / penal interest

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        GST on penal interest: penal interest by seller is taxable as part of supply value; lender charged interest may be exempt. Clarification distinguishes penal interest included in the value of supply when credit is supplied by the seller (taxable as part of the goods' value) from penal interest charged by an independent lender (exempt as interest on loans); non interest service charges by lenders are not exempt.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                GST on penal interest: penal interest by seller is taxable as part of supply value; lender charged interest may be exempt.

                                Clarification distinguishes penal interest included in the value of supply when credit is supplied by the seller (taxable as part of the goods' value) from penal interest charged by an independent lender (exempt as interest on loans); non interest service charges by lenders are not exempt.


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