Dear Sir,
We are a Private Limited Company who is manufacturing steel pipes.We want to gift a new bike for our one marketing staff. We want to puchase the same bike in his Individual name not our company name because our company do not want to take any risk if any accident or theft occured.The money of total cost will be transferred from our company to the showroom where Motor Bike will be purchased. My question is what is the entry pass in tally whether it is the business promotion expenses or staff welfare.Can we take GST input in that purchase ?
CAclubindia
