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
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.
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