Transporter - income

630 views 1 replies

Some Transporters are issuing BILTY in their name duly PAN printed on commission basis (Say A). But the owner of truck is difference (Say B). At the time of making payment, truck driver issuing us the said Bilty alongwith his PAN card copy. In this regards my query is, while making entry in our books in which name we have to credit the same. On Bilty (A) Name or PAN name i.e. truck owner (B). 

Replies (1)

You can pass entry in any of the parties name since in both cases reverse charge is applicable. But it is more logical to pass entry in the name of agent since you are taking service from him.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details