GST on intrest amount

GST applicable on intrest payment to supplier.
Replies (3)
Quick Summary
This discussion clarifies whether Goods and Services Tax (GST) applies to interest payments made to suppliers. According to Section 15(2)(d) of the CGST Act 2017, GST is generally applicable on such interest. However, an exemption exists for interest paid against deposits, as per Notification 12/2017 CT. In all other cases, the interest payment is considered taxable.

As section 15(2)(d) of the CGST act 2017 , GST applicable on interest payment to supplier .
If it is against any deposit , then it's exempted by Notification 12/2017 CT , else in any other case it's taxable.
Https://play.google.com/store/apps/details?id=com.si.gstcalculator

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
13 August 2026
Chartered Accountant (FP&A)

Client of Trellis Consulting

Gurgaon

CA

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
14 August 2026
Semi Qualified

Goyanka & Associates

New Delhi

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details