I would like a second opinion in my situation.
Currently I run a disposable income business on the side and have come accross a individual that is selling used items in small-medium quantity that are perfect stock for me. Since this individual is not a business he doesn't have a abn and is not able to provide me with a invoice that has gst or abn on it, just the total price item quantity etc.
How will this go down if I want to purchase the stock with my business funds and later it will all be going through my business account when I do my tax, will the no abn/gst invoice give me trouble when I do my business tax return?
The items are all under $1000 if it makes any difference