https://www.taxtmi.com/caselaws?id=383842 The Authority upheld the decision that penal charges collected for delayed EMI payments are taxable under GST as per Schedule II to the CGST Act. The charges were deemed not exempt under the relevant GST notification as they were considered penalties for tolerating payment delays, falling under taxable supply provisions. The appeal was dismissed, affirming the ruling of the Authority for Advance Ruling. en-us Thu, 14 Mar 2019 00:00:00 +0530 Tue, 11 Mar 2025 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383842 The Authority upheld the decision that penal charges collected for delayed EMI payments are taxable under GST as per Schedule II to the CGST Act. The charges were deemed not exempt under the relevant GST notification as they were considered penalties for tolerating payment delays, falling under taxable supply provisions. The appeal was dismissed, affirming the ruling of the Authority for Advance Ruling. Case-Laws GST Thu, 14 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383842