Interest received on delayed payment
MAYUR MINAJGI (54 Points)
04 September 2023MAYUR MINAJGI (54 Points)
04 September 2023
CS Advocate Abhishek Goyal
(M Com FCS LLB M-AIMA )
(13674 Points)
Replied 04 September 2023
Yes GST is payable as per section 15 it is treated as part of transaction value. So if any interest is charged on delayed payment from debtors it is chargeable to GST.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 04 September 2023
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India