https://www.taxtmi.com/circulars?id=61779 Where additional or penal interest is charged in relation to a transaction whose underlying supply is covered by Sl. No. 27 of Notification No. 12/2017 Central Tax (Rate), that penal interest is not subject to GST because it is not covered by the notification; the value of the principal supply for levy of GST remains as stated in the illustrative scenario. en-us Mon, 15 Jul 2019 00:00:00 +0530 Mon, 15 Jul 2019 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61779 Where additional or penal interest is charged in relation to a transaction whose underlying supply is covered by Sl. No. 27 of Notification No. 12/2017 Central Tax (Rate), that penal interest is not subject to GST because it is not covered by the notification; the value of the principal supply for levy of GST remains as stated in the illustrative scenario. Circulars GST Mon, 15 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61779