We awarded works contract work from Government.and We have given sub contract work to "ABC" on back to back basis.
For security we have submitted Bank Guarantee to the Government. For which bank collected bank charges from us.
I have to recover the same from"ABC"sub contractor.
Kindly advice the procedure for the same.
Kindly suggest whether we should raise invoice or Debit note to"ABC".
regards
Sreeramulu Kanchanam
Menu
Sub contract Invoice
Replies (2)
Commission invoice is a better option as no goods is involved
Yes can raise Tax Invoice for the Bank charges. (Misc. income) to ABC
Recent Topic
- INCOME TAX DEPARTMENT: DOUBLE STANDARDS
- ITR-4,under presumptive Taxation
- TDS data mismatch with SFT
- Resale of under construction Residential Flat part
- What would be my Salary
- Damage good
- INCOME TAX RETURN
- Form 10E doubt
- LTCG on property sale after 24jul2024
- Should we mention NET INCOME or GROSS INCOME in i
Related Topics
CAclubindia
