https://www.taxtmi.com/circulars?id=62208 Clarifies GST treatment of penal interest on delayed EMIs: penal interest charged by the goods seller is included in the value of the taxable supply and is taxable, whereas penal interest charged by a financier in connection with a loan qualifies as interest for loan services and is exempt; non interest service fees or other charges relating to loan facilitation are not exempt. en-us Tue, 13 Aug 2019 00:00:00 +0530 Wed, 21 Aug 2019 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=62208 Clarifies GST treatment of penal interest on delayed EMIs: penal interest charged by the goods seller is included in the value of the taxable supply and is taxable, whereas penal interest charged by a financier in connection with a loan qualifies as interest for loan services and is exempt; non interest service fees or other charges relating to loan facilitation are not exempt. Circulars GST - States Tue, 13 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=62208