GST - Delay Payment Interest to Supplier
Kaushik (Tax & Finance Consultant) (50 Points)
09 November 2017
Which SAC Code applicable to Delay Payment Interest to Supplier?
3 Replies
CA Hemant Kumar
(Proprietor)
(13 Points)
Replied 09 November 2017
There is no seperate SAC code for Interest on delayed payment to supplier. It should be same as that of HSN/SAC code for goods or services which supplier has delivered.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 09 November 2017
GST can't applicable for Delayed Payment related Interest. It's only business dealing GST not attracted. So, Don't be charge GST...
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