Gst applicability on emi
This query is : Resolved
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suryadipsinh mori
(Querist)
07 October 2022
How gst applicable on emi.. suppose a electronic devices which sale price is 80,000 and also emi facility available. some down payment is also done. how to calculate gst liability..
CA R SEETHARAMAN
(Expert)
08 October 2022
GST applicable on sale price and service charges only. GST not applicable on interest.
suryadipsinh mori
(Querist)
08 October 2022
Ok sir so if down payment is 20000 then 20000 +18% so, 23600 will be payable by customer right
CA R SEETHARAMAN
(Expert)
08 October 2022
It depends on the seller calculation.
suryadipsinh mori
(Querist)
08 October 2022
Ok sir thank you for your time
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