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Thanuj (Student)     04 June 2018

GST on interest paid under MSMED Act

Is GST applicable on interest paid MSMED act(statutory payment)

 4 Replies

Pankaj Rawat

Pankaj Rawat (GST Practitioner)     04 June 2018

Yes , In GST interest paid for late payment attract GST
Vinod Babu

Vinod Babu   04 June 2018


RAJA P M ("Do the Right Thing...!!!")     05 June 2018

I think GST not applicable...
Pankaj Rawat

Pankaj Rawat (GST Practitioner)     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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