Goods and Services Tax – Started By: – NAREN KHATRI – Dated:- 3-9-2017 Last Replied Date:- 4-9-2017 – HI.. SIR/S..NEED TO ISSUE DEBIT NOTE TOWARDS INTEREST ON LATE PAYMENT RECEIVED TOWARDS SALES.IS THIS INTEREST LIABLE TO GST..??THANKING YOU IN ADVANCE.. – Reply By Rajagopalan Ranganathan – The Reply = Sir, As per Section 15 (2) (d) of CGST Act, 2017 the value of supply shall include interest or late fee or penalty for delayed payment of any consideration for any supply. Therefore any interest
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