I am working as a accountant in an eCommerce Company I need to have certain queries relating to GST Input.
Our Company is in Delhi and our MD has also another company in Ludhiana he has purchased AC for our company in situated in Delhi via Company situated in Ludhiana on Bill to Ship to Basis.
As per rule If we issue a Purchase Order in the name of the company situated in Ludhiana then they can issue the Sale Bill and we can transfer the Fixed assets in our books by purchasing it as well as we can take the Input Credit accordingly and moreover Depreciation can also be booked as per valuation in our Books
But our Management in Delhi want to the take the asset on lease from the company situated in Ludhiana as per lease agreement.
My question is the can the company situated in Ludhiana can issue a inter-state (GST) Rental Invoice on movable property currently provided in Delhi, if so can we be able to take the IGST credit on such rental invoice................................?
| Latest response: 03/10/20 | Sort by