What is the MSIC Code for the reimbursement (Company A issue tax invoice to Company B)
Dear all reading,
I have some question regarding the intercompany issue tax invoice for billing the expenses fully paid by company A, bust the expenses services bill is sharing with the company B. Suppose company A need to issue tax invoice bill back to company B. But what i confusing is when i submit the GST, what i need to put the MSIC code for this “reimbursement” billed? should i need to find out the MSIC code or i leave it state under category “other” for my GST-03 form ?
If i put it under “other” will query from gst department there ? Because this amount every month also have, some more the figure also quiet big.
But than, i found out the MSIC code for the office billing use, but don’t know this code it’s suitable for all the reimbursement billing.
MSIC Code : 82110 (Combined office adminstrative service activities)
Please advise. Thanks you.
Reimbursement is a method to recover cost, so it shouldn’t be company main income even the amount it big. My opinion is the “other” is fine for it. However, it is also be fine if you put 82110 as the code since Customs never defined it clearly and give punishment based on “wrong” MSIC code.