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GST on interest paid under MSMED Act

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Student
69 Points Posted on 04 June 2018
Is GST applicable on interest paid MSMED act(statutory payment)
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On 04 June 2018 at 23:31 Report
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GST Practitioner
55067 Points Posted on 04 June 2018
Yes , In GST interest paid for late payment attract GST
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On 04 June 2018 at 23:43
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24196 Points Posted on 04 June 2018
Yes...
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On 04 June 2018 at 23:47
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"Do the Right Thing...!!!"
128152 Points Posted on 05 June 2018
I think GST not applicable...
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On 05 June 2018 at 05:46
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GST Practitioner
55067 Points Posted on 05 June 2018
It's kind of Fee charge by supplier to Recepient in shape of Interest , so as per section 15 CGST Act ,.. its taxable
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On 05 June 2018 at 09:15


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