Gst on investment
This query is : Open
pragadeeshkanna
(Querist)
01 September 2017
A partner of a firm (jewellery) is registered under gst for his personal business. Now he is transferring some personal jewels to the firm as investment. Partners personal business is not sale of jewellery. Now for the investment should he raise a sale bill and pay gst?
01 September 2017
GST is applicable for the Sale bill. But, it is not converted as investment. It's just business transaction for both firms....
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