GST on Interes,new project etc

[Narendra Soni]

Kindly provide your valuable advise,how we can save GST, if applicable in the following cases :-

1.Interest charged from customer for overdue payment.

2.Amount charged from customer for early delivery of shipment.

3.We procured material & services for electricity supply line from feeder to new factory:-

We purchased Poles & Wires from market vendors and given to our contractors(service providers) for installation on road from feeder to factory.

Some incidental material required to fit the wires on poles like-clam/nut/bolts/aluminum wire/earthing wire/insulators/hdpe pipes are bring by our contractor (Service provider) for this commissioning.

In new factor-Transformer,DG set, street lighting,cable ,wire will also install.

Our intention is not to pay GST, please guide.

AI Summary

GST on interest and ancillary charges is taxable, with input tax credit subject to statutory ITC restrictions and item by item scrutiny.
GST applies to interest for overdue payments and early delivery charges as part of taxable value. Works contract services for installation and supply of items for a new factory attract GST, and input tax credit is restricted where works contracts concern construction of immovable property (other than plant and machinery) and by other statutory exclusions; ITC availability must be examined item by item against those restrictions.