GST implications on penalty on rent for late payment

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sir
i am a registered person in GST

according to terms of our lease deed there is a penalty receivable from the tenant on the late payment of rent

what is the rate of GST chargeable on the penalty of late payment of rent
Replies (4)

YES GSTYES GST IS LEVIABLE ON PENALTY AMOUNT ALSO

sir the matter is supply of service if you can check under services head you will get it
on what percentage and the HSN code will be the same
on what percentage and the HSN code will be the same


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