Interest received on delayed payment
MAYUR MINAJGI (54 Points)
04 September 2023MAYUR MINAJGI (54 Points)
04 September 2023
CS Advocate Abhishek Goyal
(M Com FCS LLB M-AIMA )
(13949 Points)
Replied 04 September 2023
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.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 04 September 2023
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)