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GST - Highlights / Catch Notes

Home Highlights September 2023 Year 2023 This

Levy of GST - interest on delayed payment of consideration - ...


Interest on Delayed Payment Linked to SBI MCLR is Taxable Under GST as Part of Supply Value.

September 2, 2023

Case Laws     GST     AAR

Levy of GST - interest on delayed payment of consideration - interest on 60% of the capex payable over and above on the consideration value at the rate linked to SBI MCLR will be a part of value of supply and would be taxed accordingly. - AAR

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