Menu
Interest received on delayed payment
Assesse recd internet and credited to Profit and loss Account GST officer asking to pay GST on such income from 17-18 to 21-22 FY
Replies (2)
Yes GST is payable as per section 15 it is treated as part of transaction value. So if any interest is charged on delayed payment from debtors it is chargeable to GST.
Yes I agreed with Mr CS Advocate Abhishek Goyal,
GST officer is correct.
GST is applicable for Interest on delayed payment...
GST officer is correct.
GST is applicable for Interest on delayed payment...
Recent Topic
- GTA Annexure V Non Compliance
- Calculation of Demand due to interest u/s 220(2)
- Legal profession business code in section 44ADA
- Whether Indexed Capital Loss Can Be Claimed Under
- Form 145 and 146 Foreign Remittance in Excel Forma
- E invoice missed out/not generated for FY2025-26
- Can a broker's software legally override actual po
- Startup exit in Sept 2025: Can I still save LTCG t
- Need advice
- GST registration
Related Topics
CAclubindia
