gst on interest payment
This query is : Open
17 September 2017
hlo all, kindly answer whether gst is payable on interest paid for late payments...
17 September 2017
GST is not applicable on any interest payment.
17 September 2017
@Anita.,
Your query is not cleared....
Explain one more...
17 September 2017
we used to pay interest on late payment of paddy purchase. or rice purchase now in this situation
17 September 2017
If you will pay the GST after due date then you need to pay duty along with interest.
17 September 2017
Ok thanks experts...
17 September 2017
thank u experts for this, but pls provide also the section or rules which supports this statement
18 September 2017
As per Section 50 of CGST Act interest is liable to be paid for delayed payment of tax.
18 September 2017
Yes. I agreed to You Mr. Vishakha kejriwal....
Firstly I think the same way for above said Query. So, I ask it clear.....
Any way thank you for the attend this one...
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