Dear All,
In case hire purchase transaction takes place for rs 20000, whose cash price is 18000, now my query is for how much amount invoice will be issued
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Value of goods or service
Replies (2)
Make invoice of 18000 with GST and charge interest Rs. 2000 separately on invoice e.g. Gst is 18% then invoice shall be 18000+3240 interest 2000 i.e. 23240 only
Please refer link below
https://www.indiafilings.com/learn/gst-on-hire-purchase-transaction/
https://www.indiafilings.com/learn/gst-on-hire-purchase-transaction/
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