Branch transaction sales & purchase
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 May 2018
Dear Experts,
Recently I have opened a branch in another state. However the sale will be made from both places I.e. head office as well as branch office. if branch has made the any sale then branch will consider the same in it's GST return. Pls clarify :- whether the branch sale will be clubbed in Head office books for income tax purposes,
Thanks
ASAP
Recently I have opened a branch in another state. However the sale will be made from both places I.e. head office as well as branch office. if branch has made the any sale then branch will consider the same in it's GST return. Pls clarify :- whether the branch sale will be clubbed in Head office books for income tax purposes,
Thanks
ASAP
14 May 2018
Yes, the branch sale will be clubbed in Head office books for income tax purposes.
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