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?
CAclubindia
