As per sale terms, credit adys say 90 days.
Customer paid the amout 60 days
So customer deduct 10% for 30 days as TOC.
Our Bill price Rs 10000 and GST 18, so total Invoice price 118.
Now customer charged interest following manner
10000*10%*30/365 = 82.19
Query:-
Customer should charged interest on basis valie i.e. 100
Also GST on Interest amount 82.19 should be charged
CAclubindia
