GST on transfer of asset
This query is : Open
MAKARAND DAMLE
(Querist)
29 August 2023
A partnership firm wants to sell some of fixed assets like AC, Furniture etc to one of its partners
Partner will pay for this sale to partnership firm
Assets were purchased by the firm when they were not registered under GST and they have not taken GST input credit
Whether on this sale of assets Partnership Firm needs to charge GST to Partner ?
Partner will pay for this sale to partnership firm
Assets were purchased by the firm when they were not registered under GST and they have not taken GST input credit
Whether on this sale of assets Partnership Firm needs to charge GST to Partner ?
29 August 2023
They not registered under GST then why this question about applicable of GST on sale...
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