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HSN code of Interest on Late payment

This query is : Resolved 
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(Querist)
02 June 2021 Dear Sir,

please tell us HSN code of Interest on late payment.
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Ganeshbabu K

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Ganeshbabu K (Expert)
03 June 2021 The HSN Code will be the same as the item HSN code Just mention in the descripttion as interest on late payment

Section 15(d) of CGST Act,2017 clearly states that interest or late fee or penalty for delayed payment of any consideration for any supply is required to be included for valuation purpose.
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