Tax invoice/debit note for charging interest on overdue bill
This query is : Resolved
03 November 2017
Dear Experts,
We have a issue for charging "Interest" on late payment/overdue on bill.
Kindly suggest whether we have to issue tax invoice or debit note against that bill for charging overdue interest in GST. And SAC for charging Interest on that bill(s).
Regards
We have a issue for charging "Interest" on late payment/overdue on bill.
Kindly suggest whether we have to issue tax invoice or debit note against that bill for charging overdue interest in GST. And SAC for charging Interest on that bill(s).
Regards
03 November 2017
Issue debit note being interest for delayed payment GST not applicable.
Message likes :
2 times
03 November 2017
Yes... Agreed to Mr. CA R SEETHARAMAN Sir.,
GST not applicable for above said Interest. It's business dealing no more supplies...
GST not applicable for above said Interest. It's business dealing no more supplies...
Message likes :
1 times
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