28 December 2019
As per cross border charges HO has to bill Branch for the expenses incurred on behalf of branch at HO.
Now my query is Shall we have to take Sale Value from Branch in our bank account if Branch is Having diff account for their transaction or we can adjust it in Branch Ledger.
As per my knowledge Branch & HO is one entity so just Debit to Branch and reconcile ledger at the year end.
03 January 2020
The Branch is located in Gujarat & Head office is in Mumbai.And We have two Diff GSTIN. We need to file gst returns and pay IGST charged to Branch. As per expert reply we have to do only book adjustment and no need to take payment from Branch.
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