Payment from different ac and tax invoice in different name

In a partnership firm suppose( A)

One party (debtors) pay money from different person(third party) bank a/c and take Gst bill in his firm name.

Is is allowed or any legal complications for firm A??
Replies (2)
Quick Summary
This discussion explores the legality of a partnership firm receiving payment from a third party's bank account while issuing a GST invoice in the firm's name. It references the Indian Contract Act, which permits a stranger to contribute to consideration. However, it also raises a crucial point: what happens if the third party later claims they paid and wants the goods in their name? The thread seeks to clarify potential legal complications for the firm.

I believe not...

As consideration means, 

-> Any payment in money or otherwise

-> Whether by the recipient or by any other person*

* It is permissible under Indian Contract Act, for a ‘stranger’ (to the contract) to contribute towards consideration.

A will pass cross entry in their books of accounts for such payment.

@ deepak gupta,
If the person who trf the money claim that he has paid the amount and now he want the goods in his name

What is the legal defence for me?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details