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GST ON INT

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SENIOR ACCOUNTANT
106 Points Joined July 2011
Is GST is applicable on interest charge on delay payment of purchase consideration by supplier? It should be included in transaction value or not as per section 15.
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On 04 January 2022 at 07:35 Report
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GST Consultant
15986 Points Joined March 2013
Yes it will be included in transaction value and gst will be charged on it
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On 04 January 2022 at 08:02
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SENIOR ACCOUNTANT
106 Points Joined July 2011
If yes at which rate GST will be charged
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On 04 January 2022 at 09:51
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GST Consultant
15986 Points Joined March 2013

Same as that of goods being supplied.

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On 04 January 2022 at 10:03

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