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MSME INTEREST

kartheek kumar reddy (student) (82 Points)

09 March 2020

Is GST applicable on MSME INTEREST?

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Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 09 March 2020

Plz elaborate your query , From where & what kind of interest ????

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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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