M/s. Ushabala Chits Private Limited

Whether the interest/penalty collected for delay in payment of monthly subscription by the members forms a supply under GST?

If the said interest/penalty is a supply, what is the classification and rate of duty applicable on the said supply?

States/UT
Order No. & Date
AAR No.13/AP/GST/2020 dated:05-05-2020
Order date
05-05-20
Category
97(2) g
Year