Help Needed: GST ITC on purchase of Laptop from Merchant Account on Amazon using credit card
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My friend wants to buy a laptop using his merchant account. He wants to use my Amazon Pay credit card for the payment and the cashback benefits.
Will there be any law related issues regarding the payments as he is not directly paying for the laptop. Is it safe to do the above mentioned transaction?
Thank you in advance
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If he is buying laptop for his personal use then he cannot claim ITC one cannot claim ITC on personal expenses
Items available on Amazon and Flipkart are for customer’s personal use and not fo resale
Theoretically, but it does work actually
Illegal in a sense
There’s no issue he can avail it. Just ask him to pay credit card bill from his business account. Just the amount of laptop
Do note that Amazon may deny the 5% cashback on merchant account
Do you have any idea how much cashback will they allow?
@googleCA @ guest999 @CA.MAYANK.KOTHARI