We are a small private limited company and we paid an group employee Insurance premium worth 11lakhs plus gst .
But we paid 1 cheque to insurer. Now my accountant is asking for invoice in the name of 2 companies with right split.
The insurance company says it can't be done.
What is the solution?
Both companies belong to the same group but different gst number samesame signatory.
Last minute hurry isued 1 cheque now accountant requires 2 seperate invoices which insurane company refusez to give
Insurance company says since I issued 1 cheque they have already filed gst and now even though I have 2 gst numbers since I gave only 1 cheque it cannot be reversed.
I need a detailed solution please
Sir I believe in case of group medical cover for employees of a company GST credit cannot be claimed.
Please correct me if I am wrong/right
My important question here is can the insurance company issue 2 invoices if I have given only one cheque especially now that they have accounted for the same.
CAclubindia
