Home Forum Goods and Services Tax - GST Month 11 2020 2020 (11) This
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GST on Debit Note. - Goods and Services Tax - GSTExtract Dear Experts, We are 100% subsidiary of German Company (parent co). As per parent company requirement, we (subsidiary) get our accounts audited every calender year. The auditor will raise his professional GST bill on us(subsidiary) and we debit the total invoice amount to our Parent Company. The debit note will be either re-imbursed by our parent company OR we will adjust the debit note amount against their future payments. What is the GST implication on us (subsidiary)?. If there is GST implication on subsidiary, would it not be amounting to double taxation on same service? Mahesh Maiya. P
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