16 May 2019
One of my client is carrying Business of trading of Pepsi, Coca Cola, also registered under GST. Now he wants to close his business and wants to transfer the remaining stock to his wife as a gift. Now, his wife is not registered under GST, so the question is 1. What will be the GST implication of Stock transfer in such case? 2. Whether, the client have to pay GST on remaining stock?