Corrigendum to Circular No. 102/21/2019-GST - Clarification regarding applicability of GST on additional / penal interest

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....l Board of Indirect Taxes and Customs GST Policy Wing New Delhi, Dated the 15th July, 2019 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioners of Central Tax (All) The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject: Corrigendum to Circular No. 102/21/2019-GST dated 28th June, 2018 issued vide F. No. CBEC/2....

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....ng covered under Sl. No. 27 of notification No. 12/2017-Central Tax  (Rate) dated 28.06.2017. Accordingly, in this case the 'penal interest' charged thereon on a transaction between Y and M/s ABC Ltd. would not be subject to GST, as the same would not be covered under notification No. 12/2017-Central Tax (Rate) dated 28.06.2017. The value of supply of mobile by X to Y would be Rs. 40,....