Interest received from subsidiary company

is interest received from subsidiary company on Outstanding balance is chargable to GST , If it is please Provide the GST rate & SAC Code ?
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Quick Summary
This discussion clarifies whether interest received from a subsidiary company on an outstanding balance is subject to GST. The consensus is that GST is indeed applicable at a standard rate of 18%. However, a question arises regarding whether this rate changes if the outstanding balance is related to specific goods with different GST rates, such as cement at 28%. The query seeks confirmation on whether the 18% interest rate still applies or if the product's GST rate should be considered.

Yes.....
Yes GST is applicable @ 18%
If it is related to some product eg :Cement, on cement gst rate is 28%, outstanding related to cement, then the applicable rate of is 28% or still in that case 18%?

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