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 Whether goods supplied on hire purchase b...

 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?

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Jeeba Lal 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.

 Whether goods supplied on hire purchase basis will be treated as a supply of goods?

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