CBIC amends circular clarifying applicability of GST on additional/penal interest

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CBIC vide Corrigendum to Circular No. 102/21/2019-GST dated July 15, 2019 amends Circular No. 102/21/2019 – GST dated June 28, 2019 and clarifying the applicability of GST on additional/penal interest to rectify an inadvertent error.

CBIC vide Circular No. 102/21/2019 – GST dated June 28, 2019, has issued a clarification regarding the applicability of GST on additional/penal interest on delayed payment charges in case of late payment of Equated Monthly Instalments.

Complete Corrigendum to Circular can be accessed at:http://www.a2ztaxcorp.com/wp-content/uploads/2019/07/circular-cgst-102-corrigendumn.pdf

Complete Circular can be accessed at: http://www.a2ztaxcorp.com/wp-content/uploads/2019/06/circular-cgst-102.pdf