related party transaction
This query is : Open
18 June 2009
in case I recieve a service from a related party amounting to Rs 100 and ST is Rs 10.
he bills me an amt of Rs 110, in a related party trans disclosure should i have to disclose Rs 100 or 110.
More over related to income i provide a service of Rs 100 and a related party deducted TDS of Rs 10, again what is the amount of disclosure.
Does me taking or not taking input credit to the above services alter the disclosure amount?
Please clarify
he bills me an amt of Rs 110, in a related party trans disclosure should i have to disclose Rs 100 or 110.
More over related to income i provide a service of Rs 100 and a related party deducted TDS of Rs 10, again what is the amount of disclosure.
Does me taking or not taking input credit to the above services alter the disclosure amount?
Please clarify
18 June 2009
Rather than a hypothetical case if you can let us know what exactly is the transaction and what is the doubt we can examine.
19 June 2009
the transaction is the same as said,
a transaction has been made where service tax input credit has been taken, should the amt of disclosure in related parties should be gross or net of service tax?
a transaction has been made where service tax input credit has been taken, should the amt of disclosure in related parties should be gross or net of service tax?
19 June 2009
the transaction is the same as said,
a transaction has been made where service tax input credit has been taken, should the amt of disclosure in related parties should be gross or net of service tax?
a transaction has been made where service tax input credit has been taken, should the amt of disclosure in related parties should be gross or net of service tax?
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