GST application on Partnership firm
This query is : Resolved
01 May 2024
Me and my wife are opening a partnership firm. We are in a tour and travel industry. In the partnership firm my wife's PAN no. will be used to register in GST but I will get a commercial vehicle loan on my PAN no. Is it possible for me to get GST claim on the purchase of the new vehicle if the invoice issued is in my name.
01 May 2024
you need to take a separate PAN for the partnership firm. Your wife's pan won't be used for GST for the partnership firm.
You may take a commercial loan on your name, but the vehicle should be registered on the organization's name for GST input to be available.
You may take a commercial loan on your name, but the vehicle should be registered on the organization's name for GST input to be available.
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