Hi members..I have a situation wherein the companyA has 2 directors each holding 50% shares. The company is basically into software development. One of the directors has a proprietory firm which doect all the expenses and job work for the comapny A. Company A has tranferred money to Propritory firm to pay off these expenses and work done on behalf of the company. Will this transfer attract GST in the hands of Proprietory firm or is there a way this transaction can be best shown?
1 Replies
Niteshhh
(Nil)
(22 Points)
Replied 18 December 2018
No GST will not be attracted on this as this comes under purview of reimbursement of expenses further section 185 wont be attracted in this case provided the company prepares agreement with proprietory firm as a pure agent
Recent Topics
- Financing for Properties and Businesses
- TAX DEMAND STILL SHOWING ON INCOME TAX PORTAL, EVE
- FORM 10 IEA IN Revised return
- ITC Eligibility on GTA
- Top Highest Tax-Paying Celebrities: FY 2023-24
- Misplace society Bye law
- Submit ommited invoice of previous year
- Need your valueble insight
- GSTR-9 Invoices
- Agricultural Business Loss
Related Threads
CAclubindia
