ram ko 20000 का exampt goods sales kiya date 1/4/19 को
ram ne payment kiya 20300 ka date 1/5/19
kya meri firm ko 300 rs par gst dena hoga
plz rply
Menu
Interest received by consumer
Replies (3)
not required. since interest will be on the late payment on the supply which is exempt and the interest will also be considered as supply which is exempt. refer section 15.
The tax rate in principal supply will apply for interest since principal supply is excempted thn interest will also be excempted
Not required to pay GST on the interest part.
Recent Topics :
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
Related Topics :
CAclubindia
