https://www.taxtmi.com/circulars?id=62087 The corrigendum to Trade Circular No. 23/2019 replaces the Case 2 text in paragraph 5 to state that additional/penal interest charged on a transaction between Y and M/s ABC Ltd. is covered under Sl. No. 27 of Notification No. 1136-F.T. dated 28.06.2017 and, accordingly, such penal interest would not be subject to GST; the declared value of the mobile supply by X to Y for GST purposes remains Rs. 40,000. en-us Tue, 16 Jul 2019 00:00:00 +0530 Wed, 07 Aug 2019 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=62087 The corrigendum to Trade Circular No. 23/2019 replaces the Case 2 text in paragraph 5 to state that additional/penal interest charged on a transaction between Y and M/s ABC Ltd. is covered under Sl. No. 27 of Notification No. 1136-F.T. dated 28.06.2017 and, accordingly, such penal interest would not be subject to GST; the declared value of the mobile supply by X to Y for GST purposes remains Rs. 40,000. Circulars GST - States Tue, 16 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=62087