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DD to RTGs ( NEED PVT LTD COMPANY with Surplus fund ) (ADV - Financial)

by tirupati, Wednesday, August 30, 2023, 10:43 AM (260 days ago) @ bhartisaurabh416

How will u do the accounting for this transaction ? On what basis am i giving u 50cr ? On what basis am i receiving 150cr ? Who will claim the gst input tax credit ?

In the absence of clear instructions, 150cr will be a liability in my books which u can claim anytime as advance given to me.

Kindly clarify the accounting procedure.

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