Infrastructure Service Payments: Interest in Deferred Installments Now Taxable Under GST Section 15(2)(d)

Infrastructure Service Payments: Interest in Deferred Installments Now Taxable Under GST Section 15(2)(d)Case-LawsGSTAAR held that interest receivable on deferred payment in Equated Yearly Installment under Annuity Model is subject to GST. Pursuant to Sec

Infrastructure Service Payments: Interest in Deferred Installments Now Taxable Under GST Section 15(2)(d)
Case-Laws
GST
AAR held that interest receivable on deferred payment in Equated Yearly Installment under Annuity Model is subject to GST. Pursuant to Section 15(2)(d) of CGST Act, the interest component shall be includible in taxable value. The classification and GST rate for such interest shall mirror the original taxable supply of road construction and maintenance services. The rul

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