Value of supply and sec 15(2) (d)
Atharv Sankliya (1354 Points)
23 October 2023
does interest paid on emi is added to the value of supply u/s 15(2) d
2 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 23 October 2023
As per Sec 15 :
(2) The value of supply shall include
(d) interest or late fee or penalty for delayed payment of any consideration for any supply;
Thus, If the supplier received interest on said supplies then its also considered as supply as said section.
But, it's not a supply if interest PAID
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