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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)
Quick Summary
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...
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