Dear ALL
We are invoicing our clients and due to certain issue related to payment delays, we are now charging late payment charges as per the policy.
Need to know if there is an SAC code for it like the telecom and credit card issuing bank where they charge the customer for late payments and GST filing for the delayed payment received after the bill is generated.
note:service is IT related service , and this is late payment is included with the normal service charges.
A early reply from anyone in the field is highly appreciated
Thanks.
CAclubindia
