https://www.taxtmi.com/article/detailed?id=7431 Section 12(6) fixes the time of supply for interest, late fees or penalties as the date the supplier receives those additions, so tax is payable on receipt rather than on issuance of a debit note. This creates a mismatch with return reporting (GSTR-1) which requires debit notes to be declared in the month issued, producing uncertainty and a potential compliance gap unless return mechanics are adapted to reflect receipt-based taxation of such additions. en-us Thu, 25 May 2017 10:18:12 +0530 Thu, 25 May 2017 10:18:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7431 Section 12(6) fixes the time of supply for interest, late fees or penalties as the date the supplier receives those additions, so tax is payable on receipt rather than on issuance of a debit note. This creates a mismatch with return reporting (GSTR-1) which requires debit notes to be declared in the month issued, producing uncertainty and a potential compliance gap unless return mechanics are adapted to reflect receipt-based taxation of such additions. Articles Goods and Services Tax - GST Thu, 25 May 2017 10:18:12 +0530 https://www.taxtmi.com/article/detailed?id=7431