Interest and Delayed Payment Charges Part of Supply's Value, Subject to GST if Main Service is Taxable.
Case-Laws
GST
Levy of GST – the component of interest and delayed payment charges are obviously having a direct relation with the value of supply to which such interest/delayed charges relate. These are in fact components of the value of supply and do not have any independent status – liable to GST where main service is liable to GST.
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