If we charges cheque returning charges or delay payment charges in the Invoice Then should we charge GST over this amount ? Can we take such charges in the same Invoice which is for sale of material ?
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Other charges in invoice
Replies (6)
If you charge any of in your sales invoice then you will collect Tax on that charges as per your supplies...
As per section 15 of CGST, Value of supply shall also include the penalty or interest charged from receiver for delay in payment.
Since your case also falls under this specific provision you shall require to include the same in the value of supply of materials/ In other words, GST shall required to be paid on the same.
Thanks sir, But can we charge such charges in the same invoicei.e which we are preparing for sale of material ?
Yes we can.
Thanks for quick response.
As per my view it's not good or correct...
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