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RCM APPLICAE OR NOT
is interest received on advances is liable for rcm or not?
Replies (2)
I am a broker in cloth Market and I am paid Advances on behalf of Retailer to Whole seller for 1or 2 month credit and when Retailer return payment along with Interest . is received interest is liable for RCM or not ?
any charges recovered for delayed consideration are liable to GST.
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