Interest and Delayed Payment Charges Part of Supply's Value, Subject to GST if Main Service is Taxable.

Interest and Delayed Payment Charges Part of Supply's Value, Subject to GST if Main Service is Taxable. https://www.taxtmi.com/highlights?id=43793 Levy of GST - the component of interest and delayed payment charges are obviously having a direct relation with the value of supply to which such interest/delayed charges relate. These are in fact components of the value of supply and do not have any independent status - liable to GST where main service is liable to GST. en-us Wed, 09 Jan 2019 08:24:56 +0530 Wed, 09 Jan 2019 08:24:56 +0530 TaxTMI RSS Generator Interest and Delayed Payment Charges Part of Supply's Value, Subject to GST if Main Service is Taxable. https://www.taxtmi.com/highlights?id=43793 Levy of GST - the component of interest and delayed payment charges are obviously having a direct relation with the value of supply to which such interest/delayed charges relate. These are in fact components of the value of supply and do not have any independent status - liable to GST where main service is liable to GST. Highlights GST Wed, 09 Jan 2019 08:24:56 +0530 https://www.taxtmi.com/highlights?id=43793