Dear Experts,
1. We have an proposal to sell the used machine as a part of exchange, while purchasing the new machine.
2. The balance will be paid through the Bank transactions.
3. The purchase of new machine comes under IGST.
4. Query :
How we need to send the used machine to out supplier?
Whether we need to raise the invoice or not?.
what are the statutory compliances needed to follow?.
It would be better if you show the used machine as sales and purchase the new machine.
then pay the balance.
CAclubindia
