kundan singh (99 Points)
03 January 2020
Deepak Gupta
(CA Student)
(15922 Points)
Replied 03 January 2020
Yes.
But it will be treated as supply, even if without consideration.
With consideration: Sec. 7(1)(a)
Without consideration: Sec. 7(1)(c) read with Schedule-I
Supply between related persons made in the course or furtherance of business. Brothers will be related persons under GST, since they are members of the same family.
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 03 January 2020
Yes, the person can transfer his shares to the other person.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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