Supply of inventory item by partner
This query is : Resolved
24 January 2025
a partner in partnership firm has supplied some inventory item (construction material) to the firm as his capital contribution..now do i need to retain the supplier bill issued to the partner? or a voucher authenticated by him(the partner) with details of item, rate amount and credit to capital account will suffice?
For GST and income tax point of view?
Note: he is an unregistered person in GST.
For GST and income tax point of view?
Note: he is an unregistered person in GST.
25 January 2025
Proper bill should accompany with consignment note of transporter.
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