Transfer of title determines hire purchase as supply of goods, not services, for GST classification. Goods supplied on hire purchase are treated as supply of goods because the transaction effects a transfer of title in the goods at a future date, and that ... Summary
Transfer of title determines hire purchase as supply of goods, not services, for GST classification.
Goods supplied on hire purchase are treated as supply of goods because the transaction effects a transfer of title in the goods at a future date, and that transfer of ownership, not the provision of a service, is the operative characterisation for classification and taxation.
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