Gst on late payment charges of water received by company
This query is : Resolved
13 March 2018
Dear Sir / Ma'am,
Is GST applicable on late payment charges charged by company providing water for general or commercial use to corporate and others ?
Is GST applicable on late payment charges charged by company providing water for general or commercial use to corporate and others ?
13 March 2018
Yes, GST is applicable late fee also.
13 March 2018
Sir,
No GST is applicable on sale of water by the company. So, interest on late payment of water charges by customer is falls within the scope of GST or not ? Main supply is not liable under GST?
No GST is applicable on sale of water by the company. So, interest on late payment of water charges by customer is falls within the scope of GST or not ? Main supply is not liable under GST?
13 March 2018
If the principal supply is not taxable, then delayed late payments are not liable to GST.
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