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Distributor Can Collect Payment From Customer On Sale In Own Bank A/C


23-Aug-2023 (In Criminal Law)
I as a distributor collected some payment from my customer in my bank account at corrona panadamic period and the same also paid to company and direct billing customer name and delivered the order of customer.Please suggest the process of transaction legal ?
Answers (2)

Answer #1
656 votes
the order name and order place was required to be changed. otherwise the complete transaction will be shown in the name of the customer only. However since you collected the payment from the customer and deposited to company so there can be no income tax implication but just wanted to understand what exactly are you looking in for?
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Answer #2
884 votes
Ideally if you are collecting payment, invoice should also be issued by your firm. however if there are a number of transactions with the same buyer, all parties can make a tripartite agreement within which payment and sale terms can be mentioned. should you have any questions please feel free to contact me
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Advocate Kunal Seth

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