The Appellate Authority for Advance Ruling, hereby, hold that the additional/Penal interest recovered by the Applicant from their customers against the delayed payment of monthly instalments of the loan extended to such customers, would be exempt from GST in terms of Sl. 27 of the Notification No. 12/2017-C.T. (Rate) dated 28.06.2017.
States/UT
Appellate orders File
Appeal Order No. & Date
MAH/AAAR/SS-RJ/24A/2018-19 dated - 12.12.2019
AR Order No. and Date, against which Appeal has been filed
GST-ARA-22/2018-19/B-85 dated 06.08.2018
Year