We are an LLP Organisation. We do CCTV installation and pay labour charges for the same. The firm installing the CCTV give us an invoice without GST. My question is should I create an account in the name of the person issuing invoice or simple the labour charges paid as expense will do. i.e, Should I pass the entry as :
Labour Charges Dr. XXX To Cash/Bank Cr. XXX
Or should I create a ledger in the name of party issuing invoice For ex. If suppose we purchase labour from R C Image Solutions, so the entry will be :
Purchases Dr. XXX To R C Image Solutions Cr. XXX
And on making payment, the entry would be: R C Image Solutions Dr. XXX To Cash/Bank Cr. XXX
Please provide the suggestion. Thanking in advance.
17 June 2022
Thanks, but sir how I will comes to know whether the limit has exceeded Rs. 30,000/- for TDS purpose. I will have to maintain separate excel sheet for the same.
18 June 2022
Sir, how can we differentiate whether labour charges paid comes under section 194C (Payment to contractor) or 194J (Payment for Technical and professional Fees).
18 June 2022
Sir, We have one client located in Bihar, he has a GST No., but does not apply GST on the invoice. He charge us for CCTV Migration, CAT 6 Lan Cable and travelling expenses in one invoice. My question is should we have to bifurcate the same into CCTV migration as Labour charges, CAT 6 cable as Material purchased and Travelling as conveyance or should we considered all three together as Labour Charges. Is it proper on his part to give the invoice without GST, as he has a GST No.
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