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TMI Bloghire purchase transaction - gstX X X X Extracts X X X X X X X X Extracts X X X X ..... How do we charge gst and raise invoices on a hire purchase transaction? And what should be the value of a machine which is sent under a hire purchase transaction in the EWAY bill. Regards Richa Go ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... yal - Reply By KASTURI SETHI - The Reply = FAQ Q18. Whether goods supplied on hire purchase basis will be treated as supply of goods or supply of services? Why? Ans. Supply of goods on hire purc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hase shall be treated as supply of goods as there is transfer of title, albeit at a future date. In my view, transaction value (whatever charged or to be charged) of the goods should be m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... entioned on invoice. Invoice is to be raised as usual. - Reply By Richa Goyal - The Reply = Thank you for your advice - Reply By YAGAY andSUN - The Reply = Under a hire purchase transacti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on, ownership of the goods will pass on to the buyer on payment of last installment. Hence, GST is applicable on hire purchase transaction as its covered under entry 1 (c) of Schedule II of CGST Ac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t . - hire purchase transaction - gst - Query Started By: - Richa Goyal Dated:- 1-2-2020 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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