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?
Curious Sam (Self) 13 March 2018
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?
Curious Sam (Self) 13 March 2018
Is penal interest rate considered a service or commodity?
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