we are charging an interest on debtors for their late payments
should we have to charge gst on that interest
As per section 15(2) (d) of the CGST act 2017 The value of supply shall include - Interest or late fees or delayed payments of any consideration for any supply .
please confirm with others also.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
