20 March 2016
A company,( business is to purchase cloth and prepare garments and then online sale) is started its purchase and offline sale ( as the site is under process) but has not regd as co. And it is under process. So can they show sale n pur made before registration in company books after registration
20 March 2016
Company take legal birth only after incorporation, before incorporation transaction pertain to purchase and sales is not considered as valid transaction, same can not be considered for booking prior incorporating purchase and sales transactions, moreover purchase and sales need to take vat Registration the transactions valid only from the date of application of vat, For applying vat require COI .
20 March 2016
Company take legal birth only after incorporation, before incorporation transaction pertain to purchase and sales is not considered as valid transaction, same can not be considered for booking prior incorporating purchase and sales transactions, moreover purchase and sales need to take vat Registration the transactions valid only from the date of application of vat, For applying vat require COI .