Menu
Gst applicability on tranfer of title in good
whether a person will be liable to pay gst if a individual transfer a title in good to any other person without any consideration.
Replies (4)
Yes... if itc has been taken on these goods....
In general principle, transfer of title in good without consideration will not be treated as supply so no GST.
But, transfer of title in good by taxable person to related person (I.e. deemed distinct person e.g. branch) shall be treated as supply and GST shall be charged.
But, transfer of title in good by taxable person to related person (I.e. deemed distinct person e.g. branch) shall be treated as supply and GST shall be charged.
This sale is like a sample sale of goods so no gst paid but if you claim input then you should reverse that input
No. It does not attract GST as transfer is without consideration
Recent Threads
- Revised Income tax return karna padega kya
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
Related Threads
CAclubindia
