Hyderabad Metropolitan Water Supply And Sewerage Board {AUTHORITY FOR ADVANCE RULINGS, TELANGANA}
Hyderabad Metropolitan Water Supply And Sewerage Board {AUTHORITY FOR ADVANCE RULINGS, TELANGANA}:Date of Order : 29-03-2022simplified explanation of the GST ruling regarding the inclusion of interest paid for delayed payment of consideration in taxable value:
Background:
Applicant: Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB).
Payment Terms: HMWSSB makes payments to contractors in equated yearly installments, where each installment includes both principal and interest components.
Issue: Whether the interest paid for delayed payment of consideration should be included in the taxable value for GST...
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