self consumption of goods
kumar (student) (245 Points)
18 January 2018and what if there is no "movement in goods out of warehouse"?? taxability of GST??
thanks in advance
addanki deepika
(50 Points)
Replied 18 January 2018
APURBA CHATTERJEE
(QUALIFIED CHARTERED ACCOUNTANT)
(602 Points)
Replied 19 January 2018
For first question under section 17(5) of the CGST Act, 2017 you will not be eligible for getting ITC due to consumption of goods for personal use.
For second question if you want to sale your godown goods then GST will be leviable inspite of no movement in goods.
APURBA CHATTERJEE
(QUALIFIED CHARTERED ACCOUNTANT)
(602 Points)
Replied 19 January 2018
For first question under section 17(5) of the CGST Act, 2017 you will not be eligible for getting ITC due to consumption of goods for personal use.
For second question if you want to sale your godown goods then GST will be leviable inspite of no movement in goods.
Rishabh arora
(2 Points)
Replied 07 May 2018
what will happen in case of trust/ngos when they donate the purchased item free ofcost
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