GST on Delayed Payment of Interest by purchaser of goods: AAR Rajasthan Ruling

In re Pink City Steel Rolling Mills Pvt Ltd (GST AAR Rajasthan)

In a recent ruling by the Advance Ruling Authority in the case of M/S Pink City Steel Rolling Mills Pvt Ltd., the issue of GST applicability on delayed payment of interest was addressed. The applicant, a registered taxpayer under the Goods and Services Tax (GST) regime, had raised three significant questions related to the timing and procedure of GST payment on interest for delayed payment of consideration.

1. When is

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