INTEREST ON LATE PAYMENT RECEIVED OF SALE
Query (Issue) Started By: – NAREN KHATRI Dated:- 3-9-2017 Last Reply Date:- 4-9-2017 Goods and Services Tax – GST
Got 5 Replies
GST
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
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