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Expenses reimbursement
I have a courier bill from DHL Express in my company name and I have paid the same but this expenses is reimbursement by the party whom I have sent the material. now my question is that should I have to book the courier expenses in my book and what to do about amount received from other party and last I can take the ITC of GST charged by the DHL express.
Replies (1)
Nope, GSTIN of company would be on the bill, this ITC can be claimed only by the company. You will book expense crediting the customer party, then reverse such entry on receipt of reimbursement amount. If anyone have different views, lmk.
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