https://www.taxtmi.com/forum/issue?id=118608 Penal interest charged for delayed payment is included in the value of supply and attracts GST at the same rate and liability mechanism as the underlying supply when the society is registered or required to be registered; exemption entry No. 77(c) does not cover penal interest and GST treatment depends on the society's registration triggers. en-us Wed, 28 Jun 2023 11:27:20 +0530 Thu, 23 Jan 2025 15:54:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118608 Penal interest charged for delayed payment is included in the value of supply and attracts GST at the same rate and liability mechanism as the underlying supply when the society is registered or required to be registered; exemption entry No. 77(c) does not cover penal interest and GST treatment depends on the society's registration triggers. Discussion-Forum GST Wed, 28 Jun 2023 11:27:20 +0530 https://www.taxtmi.com/forum/issue?id=118608