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INTEREST ON LATE PAYMENT RECEIVED OF SALE

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 ADVAN .....

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ollected on late payment received towards sales is liable to GST. - Reply By NAREN KHATRI - The Reply = Thank you very much sir.. for quick reply.will you let me know GST % for the said interest..? so, i shall make debit note accordingly with interes .....

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