Sec. 15(2)(d) of the CGST Act, 2017, “the value of supply shall include interest or late fee or penalty for delayed payment of any consideration for any supply.”
Sec. 12(6) of the CGST Act, 2017, “The time of supply to the extent it relates to an addition in the value of supply by way of interest, late fee or penalty for delayed payment of any consideration shall be the date on which the supplier receives such addition in
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