GSt on asset transfer
pardeep jindal (atricle assistant) (51 Points)
29 December 2020pardeep jindal (atricle assistant) (51 Points)
29 December 2020
prasad Nilugal
( GST Practitioner & Accounts )
(14863 Points)
Replied 29 December 2020
As per Schedule I ( see section 7) of the CGST act 2017 permanent transfer of of assets where ITC has been availed without consideration is treated as supply .
Balamurali Unnithan MS
(STUDENT)
(1631 Points)
Replied 29 December 2020
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT