https://www.taxtmi.com/caselaws?id=442500 The AAR, West Bengal held that interest payable by KMDA to the applicant for delayed payment of 60% Capex constitutes part of the consideration for services supplied. Under section 15(2)(d), such interest must be included in the value of supply and is subject to GST. The applicant's counsel conceded that GST would be payable on interest received. The ruling confirms that interest on delayed consideration payments, calculated at SBI MCLR rates, forms part of the taxable value of supply. en-us Thu, 13 Jul 2023 00:00:00 +0530 Mon, 21 Apr 2025 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442500 The AAR, West Bengal held that interest payable by KMDA to the applicant for delayed payment of 60% Capex constitutes part of the consideration for services supplied. Under section 15(2)(d), such interest must be included in the value of supply and is subject to GST. The applicant's counsel conceded that GST would be payable on interest received. The ruling confirms that interest on delayed consideration payments, calculated at SBI MCLR rates, forms part of the taxable value of supply. Case-Laws GST Thu, 13 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442500