GST ON INTEREST PAYABLE TO NOIDA AUTHORITY

Hi..

ABC LTD ACQUIRED LAND ON 90 YEARS LEASE FROM GREATER NOIDA AUTHORITY, WE HAVE TO PAY TOTAL 8CR INCLUDING INTEREST OF 2 CR.

GREATER NOIDA AUTHORITY IS REGISTERED AS LOCAL AUTHORITY UNDER GST, MY QUERY IS WHETHER AUTHORITY WILL CHARGE US GST ON INTEREST COMPONENT.