Will interest paid to unregistered dealer attract GST on RCM?

Will interest paid to unregistered dealer attract GST on RCM? Please explain with the relevant clause or sections?

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2 Answer(s)

Is interest paid is Supply. if no GST can not be charged. As per present law it is not supply.

Answered on June 7, 2017.
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I understand it is interest on loan. If it is on delayed payment for supplies it shall attract GST as per valuation rules

Answered on June 7, 2017.
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Your Answer

Gen GST