https://www.taxtmi.com/forum/issue?id=112713 Surcharge for delayed payment is treated as a penalty or late fee and forms part of the taxable/transaction value, so GST is applicable. While one reply indicates GST is charged on billing, Section 12(6) provides that the time of supply for additions by way of interest, late fee or penalty is the date the supplier receives the addition, implying GST on such surcharge is to be accounted on collection. en-us Tue, 29 Aug 2017 12:38:12 +0530 Thu, 23 Jan 2025 15:55:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112713 Surcharge for delayed payment is treated as a penalty or late fee and forms part of the taxable/transaction value, so GST is applicable. While one reply indicates GST is charged on billing, Section 12(6) provides that the time of supply for additions by way of interest, late fee or penalty is the date the supplier receives the addition, implying GST on such surcharge is to be accounted on collection. Discussion-Forum GST Tue, 29 Aug 2017 12:38:12 +0530 https://www.taxtmi.com/forum/issue?id=112713