https://www.taxtmi.com/caselaws?id=370541 The authority ruled that penal interest is not to be treated as interest for the purpose of exemption under the specified GST notifications. The activity of collecting penal interest by the applicant amounts to a taxable supply under the GST regime, and such amounts received would attract tax liability under GST laws. en-us Mon, 06 Aug 2018 00:00:00 +0530 Wed, 05 Mar 2025 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370541 The authority ruled that penal interest is not to be treated as interest for the purpose of exemption under the specified GST notifications. The activity of collecting penal interest by the applicant amounts to a taxable supply under the GST regime, and such amounts received would attract tax liability under GST laws. Case-Laws GST Mon, 06 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370541