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GST - Delay Payment Interest to Supplier
Which SAC Code applicable to Delay Payment Interest to Supplier?
Replies (3)
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.
Thanks
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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