29 June 2019
Dear Sir , We are ABC Pvt. Ltd. We have two business vertical in the same premises both having different GSTN but electricity bill comes together in the name of ABC Pvt. Ltd. One unit book whole electricity expense in its books of A/c and charge reimburement from other unit based on sub-meter reading at actual rate . Does not charge anything over and above the rate specified in electricity bill. Therefore in our opinion since there is no consideration , it just an accounting adjustment , liability of GST does not arise . Pls clarify
CAclubindia
