The Maharasthra Authority for Advance Ruling Vide its Ruling number : NO.GST-ARA-22/2018-19/B-85 passed an advance ruling that Penal Interest on Interest (which is exempt ) is liable to GST Covering It under Schedule II of The CGST Act 2017
Under Clause
(e) agreeing to the obligation to refrain from an act, or to tolerate an act or a situation, or to do an act;
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