Accounting of CFA
This query is : Resolved
08 October 2008
Hi,
We have been appointed as Clearing and forwaring agentby one of the company.In this case who will be liable to pay the sales tax.Money is collected in the name oft he client and deposited in his account.Also what would have been the case if were appointed as the clearing sales agent?
We have been appointed as Clearing and forwaring agentby one of the company.In this case who will be liable to pay the sales tax.Money is collected in the name oft he client and deposited in his account.Also what would have been the case if were appointed as the clearing sales agent?
20 November 2008
In case of being CFA, sales tax liability will clearly be of the Company who has appointed you and not yours at all.
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