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What is the Rate of GST on Interest Charged on delayed payment of goods or services? also tell SAC Code of Interest?

What is the Rate of GST on Interest Charged on delayed payment of goods or services? also tell SAC Code of Interest?

Reply—In case of cause of penal charges is delay in payment of consideration, it will be added to the value of original supply as per section 15(2)(d) of CGST Act and will attract the same rate as for original supply of goods or service.

Posted Date: Apr 10, 2021
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