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.
Menu
A director selling a laptop bought in his own name 1 month back to his own private limited company.
Replies (4)
Quick Summary
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.
Recent Topics :
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
Related Topics :
CAclubindia
