Menu
Multiple unit
Where a multiple unit having different gstn registration, under same pan , it is mandatory to distribute input under cross charges, for common expenses.
Replies (1)
Summary: Yes, it is mandatory to account for "supplies" between registrations under the same PAN. For internally generated services (like shared HR or admin support), you must use the cross charge mechanism by issuing tax invoices. For common services procured from third parties, you may either use the ISD mechanism or raise tax invoices (cross charge) to distribute the costs and credits to the respective branches.
Recent Topics :
- Partnership tax audit query
- ERROR SHOWING PARTNER REMUNERATION ITR 3 TIME OF V
- Form 146 foreign remittance us citizen
- GST 16(2) notice
- Which GSTR-1 upload error do you hit most often?
- Need advice regarding accounting fees
- Is it possible to get a refund for an accidental o
- ITR-3 Section P&L - speculative income - no bo
- Foreign Assets reporting
- Build corpus in HUF
Related Topics :
CAclubindia
