Gst applicability on tranfer of title in good

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137 Points Posted on 12 September 2020
whether a person will be liable to pay gst if a individual transfer a title in good to any other person without any consideration.
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On 12 September 2020 at 17:57 Report
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Quick Summary
Generally, transferring title in goods without any payment (consideration) is not considered a supply, meaning no GST is applicable. However, if the goods have had Input Tax Credit (ITC) claimed on them, GST may be payable. A taxable person transferring title to a related person, such as a branch, is treated as a supply and GST will be charged, even if there's no direct payment.

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Paid Assistant
155 Points Posted on 12 September 2020
Yes... if itc has been taken on these goods....
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On 12 September 2020 at 18:04
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CA Final Student
120 Points Posted on 12 September 2020
In general principle, transfer of title in good without consideration will not be treated as supply so no GST.

But, transfer of title in good by taxable person to related person (I.e. deemed distinct person e.g. branch) shall be treated as supply and GST shall be charged.
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On 12 September 2020 at 18:07
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Accountant
17 Points Posted on 12 September 2020
This sale is like a sample sale of goods so no gst paid but if you claim input then you should reverse that input
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On 12 September 2020 at 20:06
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Chartered Accountant
412 Points Posted on 13 September 2020

No. It does not attract GST as transfer is without consideration

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On 13 September 2020 at 03:01

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