Regarding company billing status
20-Jan-2023 (In GST Law)
Hi,
This is Pratyush from three creation.
Three Creation is a sustainable fashion lifestyle brand aimed at selling high quality organic cotton t-shirts online.
We are still in the development phase and we are just testing a small prototype of the product.
I am writing this to ask whether we can make the billing of the product or not.
We got some t-shirts manufactured from a manufacturer. When we paid the manufacturer, we did not any have any bank account for our business.
So i paid all the amount from my personal bank account.
Now that we have got GST and also bank account will be opened soon, can we make billing of the product under our company name.
Hello Sir.. What I understood from your query is that, your company is now registered under Section 22 and Section 24 of the Central Goods and Service Tax Act, 2017. If is it so then you can make the billing in the name of your company only. As obtaining registration will provide you lot of benefits. Like you will be able to claim Input Tax Credit for the inputs and input services you have obtained in order to make Supply in the course of business.
Also in future if there are any changes to be made pertaining to your business, then you can apply for the same under Section 29 of the CGST ACT.
Also in future if there are any changes to be made pertaining to your business, then you can apply for the same under Section 29 of the CGST ACT.
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top GST lawyers for your specific legal issue
No Comments! Be the first one to comment.
- Misuse my PAN number by any other person and he misuse this in GST. He running company by my name &
- I need information about gst . Because i am recently regiter in gst.
- Please Help me with Issue Related to GST
- Is GST payable later on advance Maintenance charged by promoter during
- Rules of GST for individual workers, instagram influencers & freelance
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."