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Penalty and interest
is income by way of PENALTY and interest taxable under GST?
Replies (2)
If that Penalty or interest is on delayed payment for suppy of goods or services, then GST is applicable, as required by Sec 15(2).
Govt works contractors (Road & Canal work in corporation of chennai )
we are fund recd on 11.4.2019 (as per bill road work in progress) from corporation of chennai
but missing Generated in GT invoice that particular (Apr'2019)month , i make GST invoice in 30.11.2019 filed GSTR-1 & GSTR-3B the same month
my question is any interest payable or not (fund Date 11.4.2019 but Invoice Dt 30.11.2019)
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