srinivas Bhgavatula (service) (33 Points)
09 April 2018My compnay collected deposits from Dealers / Custoers as per the dealer agreement, and pays interest at the year end now, do we need to charge GST on the interest amount to be credited/ paid to the customer ? if so at what rate and the HSN/SAC code please?
srinivas Bhgavatula
(service)
(33 Points)
Replied 09 April 2018
Thanks for the quick answer! further if I adjust interest payable agsinst the customer receivables ? do I need to charge GST?
CAclubindia
