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Gst on misc income in the nature of penalty


02 May 2018 Dear Expert,

Thanks in advance

we have charged penalty from transport division's driver for breaking any rules regarding to safety like over speeding etc.
we collect penalty amount from them same is recorded in books of account under misc receipt.

Now my question is that should we deposit Gst on penalty amount?


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02 May 2018 Yes it is Taxable.

09 May 2018 Dear CA Somil,

Thanks for your valuable reply.
but still doubt exist in my mind, because it is not fitted in Para 5 (e ) of Schedule II of CGST Act, 2017




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