Msme interest received

What will be the HSN code for msme interest received?
Replies (5)
Quick Summary
This discussion explores the correct HSN code for interest received from MSMEs due to delayed payments. Participants debated whether it falls under GST and suggested the HSN code would align with the goods sold. The consensus leans towards this interest being outside the scope of GST, negating the need for a SAC code.

What do you mean by MSME interest?
Msme interest received upon delayed payment by vendor

I think HSN code in this case would be same as the HSN code of the goods sold.

Pls note here MSME interest received is out of GST, so requirement of SAC code will not arise here.
Mr.Apurba Chatterjee As you are telling, then sir will share its notification.

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