https://www.taxtmi.com/circulars?id=61884 Where additional or penal interest charged on a transaction is covered under Sl. No. 27 of notification No. 12/2017 State Tax (Rate) dated 30.06.2017, that penal interest is not subject to GST; the corrigendum corrects the earlier text that erroneously stated the interest was not covered by the notification, and the taxable value of the underlying supply remains as stated. en-us Fri, 19 Jul 2019 00:00:00 +0530 Sat, 20 Jul 2019 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61884 Where additional or penal interest charged on a transaction is covered under Sl. No. 27 of notification No. 12/2017 State Tax (Rate) dated 30.06.2017, that penal interest is not subject to GST; the corrigendum corrects the earlier text that erroneously stated the interest was not covered by the notification, and the taxable value of the underlying supply remains as stated. Circulars GST - States Fri, 19 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61884