Proprietary concern have purchased plant and after 3 month he has given to partnership for business as capital. whether he can claim input credit available against partners remuneration and interest on capital
if not, is there any way out to claim gst input credit
pl advise
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claiming of input credit of plant
Replies (2)
| Originally posted by : Satish Kavitake | ||
 |
Proprietary concern have purchased plant and after 3 month he has given to partnership for business as capital. whether he can claim input credit available against partners remuneration and interest on capital if not, is there any way out to claim gst input creditpl advise |  |
Query not cleared...
Purchased Plant for what...?
Why these include Remuneration and Interest...? Bcoz., It's IT matter...
Explai Yourself for the details...
Dear , plz your query not clear , ..
Proprietary Firm sold plant to partnership firm : Yes partnership firm can take input for the same
Input credit on partner salary & Interest on capital is out of GST, so no GST on same
Proprietary Firm sold plant to partnership firm : Yes partnership firm can take input for the same
Input credit on partner salary & Interest on capital is out of GST, so no GST on same
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