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??
Menu
Payment from different ac and tax invoice in different name
Replies (2)
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?
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?
Recent Threads
- Many of my clients who are bank employees received
- Missed filing for AY 2022-23. TDS refund possible
- Form 26QB: Assessment Year Based on Payment Date o
- Revision of Tax Audit
- IT Return 2023-24
- LUT for Companies Using EVC and Not DSC?
- UDIN Generation 44ADA
- Working with a CA as an NRI: Proper Income-tax e-F
- Taxation on ETF
- Gstr9 8f is used for 2023-24 reversal
Related Threads
CAclubindia
