As per Sec 15 :
(2) The value of supply shall include
(d) interest or late fee or penalty for delayed payment of any consideration for any supply;
Thus, If the supplier received interest on said supplies then its also considered as supply as said section.
But, it's not a supply if interest PAID
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
