Payment of one unit by other unit of same co
This query is : Resolved
08 June 2016
If A company has different units, having separate registration code each unit and if services is received by X unit of company A.
If some bills of X units are passed at company A, and company A is booking liability of service tax in its book and paying service tax in its registration code. Company is raising debit note for expenses on unit X.
So, is it right to book service tax liability in books of A? Unit X has separate service tax code.
If some bills of X units are passed at company A, and company A is booking liability of service tax in its book and paying service tax in its registration code. Company is raising debit note for expenses on unit X.
So, is it right to book service tax liability in books of A? Unit X has separate service tax code.
09 June 2016
The one which is receiving the service should preferably book the same, especially so when separate registration code are being taken.
09 June 2016
you have to account the bill according to your registration nos. otherwise you have to face problem .
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
- DUE DATE FOR ITR FILING
- GST ISD Query on various AMCs
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Short Term Gain Reporting ITR
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Rent claimed on building given on permissive possession basis
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- 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
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
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
