We are registered as EOU and our parent company is located in US. We have incurred some professional expenses in India and debited the expense (Rs. 100000) amount to our Parent Company. Say, Expense value is RS. 100000 GST Rs. 18000 Bill Value Rs. 118000
14 August 2019
Sir, We have incurred expenditure in India only and related to Indian company operations and want reimbursement from our parent company to the extent of cost excluding GST. So in this case also, we can't take the credit? It will be helpful if you provide any section reference.
CAclubindia
