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#Post#: 143--------------------------------------------------
1 Company Van for 2 Companies
By: thila Date: July 24, 2017, 9:53 pm
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We have two Companies in our office. One registered for GST. One
not registered for GST.
Van belongs to Company that registered to GST.
We transport goods for the non-registered Company free of
charge.
Does Company one need to account for GST when they deliver goods
for the non-registered Company
#Post#: 154--------------------------------------------------
Re: 1 Company Van for 2 Companies
By: NSelvam Date: July 26, 2017, 9:30 am
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Does Company one need to account for GST when they deliver goods
for the non-registered Company
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I was told by a GST Consultant "Yes"
The biggest challenge is who is going to keep records as there
could be many deliveries in a day and the goods from Company 2
may occupy little space in Company 1 lorry and things can get
more complex when you have common directors
One of the pax who attended my GAF Hands-on Training told me
they issue a Tax Invoice to Company 2 with a fixed amount every
month and call it Trasportation Charges with 6% GST
I would think this is a smart move
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