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trfd of stock in LLP as capital contribution

Sachin Sheth (Assistant Audit Manager) (46 Points)

09 August 2018

Please guide me on GST implication on stock in trade given by partner in form of capital contribution in LLP

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Pankaj Goswami (CA-FINAL) (422 Points)
Replied 09 August 2018

if partner is not registered in gst, than it is simple case of unregistered purchase.
but if partner registered book as per invoice issued by partner.
and on other transfer due balance to partners capital account.

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Sachin Sheth (Assistant Audit Manager) (46 Points)
Replied 09 August 2018

partner held stock in his proprietory concern which is registered under GST

Pankaj Goswami (CA-FINAL) (422 Points)
Replied 09 August 2018

than partner will issue tax invoice to your firm

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trfd of stock in LLP as capital contribution

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