https://www.taxtmi.com/forum/issue?id=114712 Applicability of GST to recovery of earlier-law taxes and interest depends on whether the recovery constitutes a supply. One view treats recoveries as includible in value and as a supply of service under Schedule II Para 5(e), with discharge via DRC-03/DRC-07 and interest/penalty per Circulars 58/88. The opposing view holds there is no supply where the receipt is a monetary reimbursement of amounts disallowed earlier, so section 15 valuation and inclusion of interest do not apply. en-us Mon, 04 Mar 2019 15:56:39 +0530 Thu, 23 Jan 2025 15:55:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114712 Applicability of GST to recovery of earlier-law taxes and interest depends on whether the recovery constitutes a supply. One view treats recoveries as includible in value and as a supply of service under Schedule II Para 5(e), with discharge via DRC-03/DRC-07 and interest/penalty per Circulars 58/88. The opposing view holds there is no supply where the receipt is a monetary reimbursement of amounts disallowed earlier, so section 15 valuation and inclusion of interest do not apply. Discussion-Forum GST Mon, 04 Mar 2019 15:56:39 +0530 https://www.taxtmi.com/forum/issue?id=114712