RCM-gst on interest due to late payment to foreign suppliers against imported goods

This discussion explores whether GST under the Reverse Charge Mechanism (RCM) is applicable to interest charged by foreign suppliers due to late payments on imported goods. While one user suggests RCM is applicable citing Section 12(6) of the CGST Act, another argues it is not. The debate centres on whether this interest constitutes a 'supply' for RCM purposes, especially when paid in foreign currency.