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GST on MSME Intrest
at the time of MSME intrest payment to supplier GST charge or not on intrest amount.
Replies (1)
Yes, GST is applicable on MSME interest paid for delayed payments. The interest amount is added to the value of the original supply under Section 15(2)(d) of the CGST Act and is taxed at the same GST rate as the original goods or services. The tax liability arises only when the supplier actually receives the interest payment.
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