GST ON DONATION
Priya Kashyap (Student) (7053 Points)
23 February 2019
will get be imposed on any individual who donates movable property to any NGO.?
3 Replies
pritesh
(CA Final student)
(7101 Points)
Replied 24 February 2019
No... because there is no consideration involved.
and sale of constructed property is outside the purview of GST
and sale of constructed property is outside the purview of GST
Nithin Sivadas
(Student CA CPT )
(212 Points)
Replied 25 February 2019
permanent transfer of business assets on which itc has been claimed is supply under 7(1)(c) ie without consideration and hence liable to gst on open market value of the asset.
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