Credit card as drawings - net transfer as?

If you have used the Credit Card for Household Expenses, then such withdrawals shall be treated as Drawings. If you use the Credit Card to Purchase Goods which are used for the Business and being sold further by you, then payment through Credit Card is allowed. Also you will have to maintain the Purchase Bills with you.

But it is advisable that you ask your supplier whether he can accept the payments in any other mode other than Credit / Debit Card.

Regards,
Devendra Kulkarni