Gat applicable on interest of deturs outstanding

gat applicable on interest of deturs outstanding of invoice
If yes, then what's the GST rate, goods cover under 12 % GST rate.
Replies (3)
Quick Summary
This discussion clarifies whether Goods and Services Tax (GST) is applicable on interest charged for outstanding invoices. The consensus is that GST is indeed applicable. The standard GST rate for such interest, particularly when the goods fall under the 12% GST bracket, is also confirmed as 12%. Section 15(2)(d) of the GST Act is referenced as the relevant legal basis.

Yes applicable and GST @ 12% is chargeable
Any notification
Refer Section 15(2)(d)

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 14 August 2026
Article Assistant

N J Suresh & Associates

Bengaluru

CA Inter

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details