if interest charge in receipt against due bill of payment
then gst is
applicable
or not applicable
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gst applicable on late payment charge (intetest) of due bills from creditors ?
Replies (4)
| Originally posted by : Satyanarayana Gupta | ||
 |
no GST on interest |  |
Kindly read section 15(2)(d) of CGST Act. Interest for delayed payment of consideration is to be included for the purpose of GST calculation.
thanks
Is GST applicable on interest received from trade debtors @ which applies to my goods??
As per section 15(2)(d) such interest is included in value of supply but what if GST return filed earlier and payment and interest
received later.
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