Debit note for Expenses to sister concern
This query is : Resolved
12 November 2008
There are three companies operating in a same premises. There are some common expenses incurred by one company. Nature of expenses are 1) Printing and stationery
2)office maintenance 3)telephone expenses etc.
My question whether the company in whose name the billing has been received from vendor can "issue debit note to other compnay".
There is no criteria of distribution of expenses
If the Debit note can be issued then whether SERVICE TAX would be applicable for the issue of debit note.
2)office maintenance 3)telephone expenses etc.
My question whether the company in whose name the billing has been received from vendor can "issue debit note to other compnay".
There is no criteria of distribution of expenses
If the Debit note can be issued then whether SERVICE TAX would be applicable for the issue of debit note.
12 November 2008
YEs debit note can be issued. Amount to be debited will depend on mutula understanding.
Service Tax credit can be taken only by company in whose name bill is issued.
No service tax is applicable as no service is provided by company isuing debit note.
Service Tax credit can be taken only by company in whose name bill is issued.
No service tax is applicable as no service is provided by company isuing debit note.
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
- STCG....................................................
- Supply through E-commerce Operators
- TAN for Partnership
- Relief u/s Section 89
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Loan by Partnership Firm
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- 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
- Annexure B utility for GST Refund
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
