Interest under gst
This query is : Resolved
Ankit Bohra
(Querist)
31 July 2017
If I Pay interest on a sales due bill above a certain period of days will I have to deduct GST along with TDS on the interest amount or just have to deduct the TDS.?? And if GST have to be deductaed that in which return it has to be shown GSTR-1 or GSTR-2.?
Plz Reply and Thank You.
Plz Reply and Thank You.
31 July 2017
The Interest amount of bending bills is not under GST. It's Business dealing for both parties...
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