Is there any provision for inter company fund trf. ( sister concern ). in GST ?
Is there any specified limit for fund trf.?
What is the impact. if yes then is there is need raise invoice.?
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Inter company Fund Transfer
Replies (2)
GST not applicable on transaction "OF" Money .. this includes Fund Transfer
Answer depends on the nature of fund transfer.
As a loan , no invoice no gst.
As payments towards any order - bill to raised and gst payable.
As a loan , no invoice no gst.
As payments towards any order - bill to raised and gst payable.
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