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GST on Interest

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3 Points Posted on 07 August 2017
is the GST liable on interest on advance payments or late payments against any goods & services. and how much will be liable
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On 07 August 2017 at 11:51 Report
Replies (3)
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Proprietor
4869 Points Posted on 07 August 2017
i think no gst on interest
18 Reply
On 07 August 2017 at 12:08
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70 Points Posted on 07 August 2017
gst is not levied on interest if it is for advance payment or late payment. But in case of deferred payment interest is chargeable to gst
1 Reply
On 07 August 2017 at 12:38
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Sr. Officer SPSIL
648 Points Posted on 07 August 2017
If interest is received In case of late payment from creditors, GST will be applicable.
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On 07 August 2017 at 18:35


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