Please Help: Tax invoice/debit note for charging interest on overdue bill
Posted Date : 03-Nov-2017 , 06:15:13 pm | Posted By NAND GOPAL
We have a issue for charging "Interest" on late payment/overdue on bill.
Kindly suggest whether we have to issue tax invoice or debit note against that bill for charging late payment/overdue interest in GST. And SAC for charging Interest on that bill(s).
Kindly suggest whether we have to issue tax invoice or debit note against that bill for charging late payment/overdue interest in GST. And SAC for charging Interest on that bill(s).
Category : GST | Answers : 0 | Comments : 2 | Hits : 1027
Answers
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shobhit
07-Nov-2017 , 11:28:40 amHere you need to issue a debit note for charging interest...Since, its not on account of sale(its due to late payment) therefore you need not to issue Tax Invoice
shobhit
07-Nov-2017 , 11:28:42 amHere you need to issue a debit note for charging interest...Since, its not on account of sale(its due to late payment) therefore you need not to issue Tax Invoice.