MSME INTEREST
kartheek kumar reddy (student) (82 Points)
09 March 2020
Is GST applicable on MSME INTEREST?
2 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 09 March 2020
Plz elaborate your query , From where & what kind of interest ????
kartheek kumar reddy
(student)
(82 Points)
Replied 09 March 2020
Gst is payable on transaction value. Transaction value includes interest or late fee or penalty for delayed payment. Then is GST is applicable on interest amount paid MSME Creditors due to delayed payment
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