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transaction nature whether b2b or b2c
i have a hotel business in amritsar and all bookings payments are recieved in cash and charge cgst and sgst and show it in books as cash sales and consider it as b2c but now i make a tie up with make my trip.com and when i recieved the booking what should i consider the transaction whether b2b or b2c and what will be the accounting treatment in both cases
Replies (8)
Are you invoicing to Make My Trip or Direct to Customers?
customer
If for customer then issue B2C
but customer pays rent to makemytrip and then makemytrip pays it to my account after deducting its commission
what would be the accounting treatment for whole process
what would be the accounting treatment for whole process
You issue a service gst bill to make my trip.
you mean to consider it as b2b
If make my trip is register dealer, then issue B2B invoice or else B2C
@ Vikas Mahajan.,
You ll give B2C invoices to Your Customers...
Also You ll give B2B invoice to "Make My Trip" for the Commission Value...
You ll give B2C invoices to Your Customers...
Also You ll give B2B invoice to "Make My Trip" for the Commission Value...
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