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GST on Interest Income

This query is : Resolved 

31 March 2020 Respected Sir,
In my business private limited company, there was a case under litigation from which (sundry debtor) I received the whole amount with interest . So my question is that should I need to pay GST on interest income earned.

01 April 2020 Yes GST payable on such income.

01 April 2020 Yes, GST will be applicable on the interest income

02 April 2020 Yes, GST is payable on interest received on delayed payment of supply of goods or services.


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