A director selling a laptop bought in his own name 1 month back to his own private limited company. In this case can the company claim GST input credit? What are the pre requisites and process for the same.
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A director selling a laptop bought in his own name 1 month back to his own private limited company.
Replies (4)
No, if it's from director and without Tax Invoice...
Tax invoice is in Director's name. What happens in this case?
No... I mean not the above said invoice.
We can't change the invoice which is bought by the director.
But,
In case the director registered under GST then he can issue tax invoice.
If he is not a GST registered tax payer then the laptop will be sell to company without Tax.
We can't change the invoice which is bought by the director.
But,
In case the director registered under GST then he can issue tax invoice.
If he is not a GST registered tax payer then the laptop will be sell to company without Tax.
If a director issues invoice to company for sale of laptop then the company can claim ITC.
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