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Penalty for non movement of goods within specified time in cargo
Penalty collected for non movement of goods by the party within the specified time in cargo and will there be any gst on that penalty and at what rate with circular....
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Penalties charged by service providers for delays in the movement of goods are generally considered part of the "value of supply" under the CGST Act and are subject to GST at the same rate as the main service. This is distinct from statutory fines imposed by the government, which are not taxable.
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