If one company is both our supplier and recipient.. can we set off trade payable with receivable?
Will there be any issue in terms of taxation?
And does fema allow such adjustment?
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Setting off trade payable and receivable
Replies (2)
Yes, Why not...?!
You can adjust the Receivable and Payable. The terms only between You and the Party...
You can adjust the Receivable and Payable. The terms only between You and the Party...
Only issue is consent from the core team of the management.
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