Govt tax receipts & payments

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 November 2018 Dear Experts, i am a tax consultant , i have received many receipts in my current account for govt tax payments whether income tax, GST, MCA etc.,, payments . clients as a normal practice send amount to my current account , after i will made payment on behalf of clients from my current account , to various govt payments, now my query at the time of receipt under which account i will the amount received for payment, Kindly please clarify in Detailed.

CA Suresh Jain

CA Suresh Jain (Expert)
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07 November 2018 When you make the payment of taxes, fee, penalty, interest on delayed payment of taxes etc., the challan or receipt is issued in the name of the client. Such payments should be debited to the client's account and when you receive the reimbursements, the same is to be credited to the client's account.