15CB and 15CA for multiple invoices - Professionals - Taxation - TIK Share
1 Likes 783 Views

15CB and 15CA for multiple invoices


Rahul Rai

2015-08-04

One of the client has accumulated invoices from a long time. Should he get 15CB for each invoice or these invoices can be clubbed and a consolidated 15CB can be issued for all invoices?

Whether 15CB should be issued for each seperate invoice?

Whether a single 15CB can be obtained for say 50 invoices?

All invoices are from a single party and single country.

What should be done if Invoices are from a single party but nature of payment is different?

All invoices are from same party and nature of payment is also similar?

SANJAY KUMAR GANNA

2015-08-04

15CA and 15CB is for Remmitance of Foreign Currency.

If payment is made in single transaction for various no. of Invoices then only one one form is enough.

However if Nature of Payment is different then Forms shall be Give separately for each nature of Paymnet

Reply

Mukesh Jain CA

2015-08-04

As told by Mr.Sanjay, 15CB is payment wise so it can also be for multiple invoices.

Reply

CA Pulkit Sharma

2015-08-05

15CB is for payment, the doubt is solved. Now coming to part of issuing a Single 15 CB for multiple invoices.

While issuing 15CB we have to mention the nature of payment as per agreement or Invoice. If each invoice has a different nature, a single 15CB cannot be issued.

Even if all invoices are from a single country and a single party, you cannot issue one 15 CB if nature in invoice is different.

For example, if Indian company X, purchased something from foreign company Y. X must have a Purchase order or anyother document for placing the order.

Invoices issued against this PO can be clubbed in a single 15CB since the nature of all invoices is same. But, if 3 invoices are only for materials (import) and one invoice is for Material and some service also, then you can issue a single 15CB for 3 invoices and a seperate 15CB for invoice 4 since the nature of payment changes there.

It is adviced to check every bill before issuing 15CB, as you never know if a imported material also have Royalty or other fee attached to it. Though import is tax free, but TDS should be deducted on Royalty or fee part.

If all invoices are from a single party and nature is also same, you can issue a single 15CB subjected to micro inspection as even a single Rupee of service included can affect the correctness of certificate.

Reply