09 February 2020
One NBFC generates their revenue as interest from borrowers and they need to pay this interest to their investors so how they have to show this amount as expenses in books withou invoice??
09 February 2020
Thanks to all. but how to be made invoices because these transactions are B2C. and that transfer amount is 40k, so how to show it expense in books?
10 February 2020
Such interest payments are outside the purview of GST hence no invoice need to be raised book expenses through payment voucher. Normally invoice to be raised by persons receiving the payment. In this case no invester raise any invoice.
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