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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

Category : GST | Answers : 0| Comments : 2| Hits: 571

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).

Comments
Posted By : Shobhit 07-Nov-2017, 11:28:42
Here 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.
 
Posted By : Shobhit 07-Nov-2017, 11:28:40
Here 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
 

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