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..
\nNEED TO ISSUE DEBIT NOTE TOWARDS INTEREST ON LATE PAYMENT RECEIVED TOWARDS SALES.
\nIS THIS INTEREST LIABLE TO GST..??
\nTHANKING YOU IN ADVANCE..
\nReply By Rajagopalan Ranganathan:
\nThe Reply:
\nSir,
\nAs per Section 15 (2) (d) of CGST Act, 2017 " the value of supply shall include interest or late<\/p>\n
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