In case of delayed payments/outstanding amount by the Customer to the Supplier, it is mentioned in the agreement that "interest charged will be as per 'Indian legal rate'. Then interest should be charged at what rates ? and as per what guideline/law?
1 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 19 September 2018
As per GST Interest chargeable @ 18%.
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