The Central Board of Direct Taxes ( CBIC ) has issued Clarification regarding applicability of GST on additional/penal interest. The Government has Various representations from the trade and industry regarding the applicability of GST on delayed payment charges in case of late payment of Equated Monthly Instalments (EMI). Doubts have been raised regarding the applicability […]
The post CBIC issues Clarification on Applicability of GST on Additional / Penal Interest [Read Circular] appeared first on Taxscan | Simplifying Tax Laws.
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