Reverse charge

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 August 2017 Dear Sir / Madam.,

Our company receive tea & coffee from A Person. Daily Tea Charges (Day to Day) is Less Than Rs. 150. We paid to him monthly payment. The same way as Drinking Water charges. Also our company's daily expenses under Rs. 4000. (except above two expenses).

My Question is, Can i add our daily expenses limit for above said expenses...? Bcoz, We paid it the total amount but service received daily basis....

Please clarify it...

Thanks in advance

Neha Jain

Neha Jain (Expert)

11 August 2017 Time of supply In case of which tax is paid or liable to be paid on reverse charge basis, the time of supply shall be the earlier of the following dates, namely:-
(a) The date of payment as entered in the books of account of the recipient or the date on which the payment is debited in his bank account, whichever is earlier; or
(b) The date immediately following sixty days from the date of issue of invoice or any other document, by whatever name called, in lieu thereof by the supplier.
So here if you want to book expenses on daily basis than you can do so.

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