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Payment from different ac and tax invoice in different name


Ankit Agarwal (student)     30 March 2020

Ankit Agarwal
student 
 3 likes  55 points

| My Other Post

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??

avater

Deepak Gupta (CA Student)     30 March 2020

Deepak Gupta
CA Student 
 2330 likes  15188 points

View Profile | My Other Post

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.

avater

Ankit Agarwal (student)     30 March 2020

Ankit Agarwal
student 
 3 likes  55 points

View Profile | My Other Post

@ 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?


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