Gst on penalty received-

BHUTESH KUMAR MALVIYA (Sr. Account Officer(DSM Sugar-Rajpura))   (47 Points)

20 December 2017  

Hi Experts,

We are paying commission against sale of products to Sale Agent with certain payment recovery terms of payment. If we are not receiving payment on time, we are charging late payment penalty to Sale Agent. Whether charging penalty will liable to GST.


Please brief.