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Is interest charged for delayed payment is taxable under gst

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(Querist)
26 July 2019 Sir/Madam,
In interest charged for delayed payment is taxable under GST, if yest what will be the rate. Moreover interest charged by bank against loan is not showing the GST rate.
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CMA ALKESH PATEL

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CMA ALKESH PATEL (Expert)
26 July 2019 YES DELAY PAYMENT OF GST INTEREST CHARGED 18%

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