Rule for self-invoicing?
raghav mittal (1 Points)
08 May 2024
in case of pvt. co. , can we self invoice for material used for self consumption instead of reversing itc?
5 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 08 May 2024
Self invoicing is not possible.
But, You can prepare STOCK JOURNAL for the Self use and reverse the ITC as it's.
But, You can prepare STOCK JOURNAL for the Self use and reverse the ITC as it's.
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 12 May 2024
You can issue any internal document which doesn't impact your books and gst liability. Better to use stock journals rather than self invoice to avoid issues.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 14 May 2024
Then what is required...???
Tell that...
do explain...
Tell that...
do explain...
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