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
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- Error in uploading Form 10BD
- NRI INSURANCE ADVISOR
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Sale of Mutual Funds In Diffirent Financial Years
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
