Interest
Hemant jain (33 Points)
17 November 2017
Gst Applicable on late payment Interest Rcv from party ?
6 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 17 November 2017
No... GST not applicable.
Hemant jain
(33 Points)
Replied 17 November 2017
but party ask for Debit note with Gst charge separate
Hemant jain
(33 Points)
Replied 17 November 2017
but party ask for Debit note with Gst charge separate
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 17 November 2017
Interest forLate payment is not under Debit note. It's can't a supply. So, You don't want issued Debit Note.
If he ask anythink you ll be give Receipt Voucher...
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 17 November 2017
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