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GST on interest payment


13 February 2020 We are a registered public ltd company and procuring imported coal from overseas supplier. Now due to delay in payment, overseas supplier charges interest and raises debit note for same. Are we have to pay GST on that interest amount to be paid in $. ?

13 February 2020 Interest charged in relation to the supply of goods shall be included in the value of goods and will be liable to GST.

13 February 2020 Whether we have to pay GST under reverse charge ?






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