Billing
This query is : Resolved
ANIMESH PANDEY
(Querist)
25 May 2018
Dear Sir,
We are a private ltd co . We have two units in same premises (Under same company ABC Pvt. Ltd.) . One produces Biscuits(HO division) and other Produces cartoon . Both have two different GSTN . The premises (land & Building) in which cartoon division runs is owned by ABC pvt. Ltd. and is recorded in the books of biscuit division(HO).
Now my question is that should Biscuit division (Ho) of ABC Pvt. Ltd. raise rent bill to Cartoon Division of ABC Pvt. Ltd in the line of two different GSTN????
Pls advise
We are a private ltd co . We have two units in same premises (Under same company ABC Pvt. Ltd.) . One produces Biscuits(HO division) and other Produces cartoon . Both have two different GSTN . The premises (land & Building) in which cartoon division runs is owned by ABC pvt. Ltd. and is recorded in the books of biscuit division(HO).
Now my question is that should Biscuit division (Ho) of ABC Pvt. Ltd. raise rent bill to Cartoon Division of ABC Pvt. Ltd in the line of two different GSTN????
Pls advise
ANIMESH PANDEY
(Querist)
25 May 2018
same have same PAN.....................
Rakesh Mishra
(Expert)
26 May 2018
Not required, however if you want to get actual profitability of both the divisions i.e. properly allocate the expenses, you can do so.
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