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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 ?
Replies (3)
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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