Who will record the sale proceeds in the books....
contractee company or contractor company....??
Menu
Treatment of sale of liquor
Replies (1)
The contractor typically records retail sales proceeds in their books if they are the licensed entity selling to consumers. The contractee records the proceeds they receive from the contractor (wholesale/licensing revenue). Always review the specific terms of your contract and consult a local tax professional, as these arrangements are heavily influenced by state-specific excise regulations.
Recent Topics :
Related Topics :
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
ARTICLESHIP
30 September 2026
CA Article Assistant
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
CCI
Pro
CAclubindia
