Accepting client payments on behalf of supplier
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 April 2013
This is for a construction co
Can we take payments from Clients on behalf of our supplier and pay the amount to Supplier?
the client is not willing to pay directly to the supplier.
the retail invoice is raised in the name of Constr. Co and the commercial invoice is raised in the name of Client.
We basically want to show that client has purchased the material directly from the supplier and cons co isnt involved in it.
what are the tax implications if the cons. co accepts the payments from clients and pays to the supplier?
Can we take payments from Clients on behalf of our supplier and pay the amount to Supplier?
the client is not willing to pay directly to the supplier.
the retail invoice is raised in the name of Constr. Co and the commercial invoice is raised in the name of Client.
We basically want to show that client has purchased the material directly from the supplier and cons co isnt involved in it.
what are the tax implications if the cons. co accepts the payments from clients and pays to the supplier?
01 April 2013
dear..
since construction service is covered under the provisions of service tax ..
therefore in that case you should go for the provisions of pure agent of service tax..
since construction service is covered under the provisions of service tax ..
therefore in that case you should go for the provisions of pure agent of service tax..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Free lancer income
- STCG FOR GOLD ETFs
- Loan by Partnership Firm
- TDS related Query_Liquidated Damages
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
