HO AND BRANCH TRANSACTION UNDER GST

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This query is : Resolved

hiren (Querist)
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28 December 2019 As per cross border charges HO has to bill Branch for the expenses incurred on behalf of branch at HO.

Now my query is Shall we have to take Sale Value from Branch in our bank account if Branch is Having diff account for their transaction or we can adjust it in Branch Ledger.

As per my knowledge Branch & HO is one entity so just Debit to Branch and reconcile ledger at the year end.

need expert guidance on the same...

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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29 December 2019 Question of billing not arise only do book adjustment wrt expenses

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 December 2019 Billing will arise in case of interstate and do book adjustment for the billing.

hiren

hiren (Querist)
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03 January 2020 The Branch is located in Gujarat & Head office is in Mumbai.And We have two Diff GSTIN. We need to file gst returns and pay IGST charged to Branch.
As per expert reply we have to do only book adjustment and no need to take payment from Branch.

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