Whether goods supplied on hire purchase basis will be treated as a supply of goods?
Whether goods supplied on hire purchase basis will be treated as a supply of goods?
Jeeba Jul. 10, 2018
As per the act, any transfer of title in goods under an agreement where the property in goods shall pass at a future date upon payment of full consideration is considered as a supply of goods.
Supply of goods on hire purchase shall be treated as supply of goods as there is a transfer of ownership on the payment of last installment and GST is applicable.
