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GST Not Applicable on Penal Interest for Goods Purchased on Installments, New Corrigendum Clarifies.

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....Clarification regarding applicability of GST on additional / penal interest - Corrigendum issued - No GST on Penal Interest where goods purchased on installments (EMI) being financed by the Bank....

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GST Not Applicable on Penal Interest for Goods Purchased on Installments, New Corrigendum Clarifies.