Sir/Ma'am,
What do we need to issue Tax Invoice / Debit Note for receipt of interest on delayed payment of sale?
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Tax Invoice/Devit Note for GST on receipt of interest charged for delayed payment for sale
Replies (3)
| Originally posted by : Khushboo | ||
 |
Sir/Ma'am,What do we need to issue Tax Invoice / Debit Note for receipt of interest on delayed payment of sale? |  |
i) You can give a New Invoice for the Interest amount with Tax
or
ii) You can give a "Debit Note" for the Interest Amount with Tax
Agreed with Sir @ Raja P M, rate of tax applies to the rate of principle supply, as well as issuing debit note is better for tracking.
Only a debit note can be issued in this regard .
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