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Curious Sam (Self)     13 March 2018

Penal rate of interest under rera for late payment

The penal Rate Of interest under RERA for late payment on a demand note by the builder is SBI's MCLR + 2%. Is that simple rate of interest or is it compounded?
Is 18% GST applicable on this interest rate?



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 1 Replies

Curious Sam (Self)     13 March 2018

Is penal interest rate considered a service or commodity?


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