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gst on interest received
I am a cloth trader , I am receive interest from parties for late payment of goods then will I liable for payment of gst on interest ?
Replies (3)
yes same rate as cloth
then what will be the SAC or HSN code for that ?
I AM REGISTERED DEALER DOING MY OWN BUSSINESS OF JEWELLERY & I ALSO DO THE MONEY LANDING [GIRVI] BUSSINESS .WILL I AM LIABLE TO DEPOSITE GST ON INTREST INCOME ALSO .IF YES THAN WHAT IS THE TAX RATE &WHAT IS THE HSN CODE FOR THIS.
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