Debit note for Expenses to sister concern

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YOGESH GUPTA (Querist)
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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.

Deepak Agrawal

Deepak Agrawal (Expert)
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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.

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