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Compay name cahnge

Ankit baheti (artical assistant) (137 Points)

13 November 2018

Our company merger cha from month of oct but our old gst number not surrender. issue that month of October electricity bill come name of old company how i book such exp in new company because electricity department say after submitting old gst number then we issue electricity bill new name from next month... can i claim such electricity exp in new even name of old company on bill? if not then what we do?

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Nitesh bind (Student CA Final ) (12692 Points)
Replied 20 November 2018

No you can't claim expense in New company name if the bill has been in Old company name.

In my opinion, the expense benefit would automatically be charged to old company and which in turn is becoming the new company. Here is how:

At the date of amalgamation the final books of account on the date of merger is being prepared. If the bill has been received before that date it will simply be charged from old company books and which will decrease old company bank and remaining will be transferred to the Amalgamated company.

If the bill has been received after the finalisation of Amalgamation then you have to visit the electricity Deptt to change the name on bill. Otherwise it will lapse.

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