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Gst applicability on tranfer of title in good
whether a person will be liable to pay gst if a individual transfer a title in good to any other person without any consideration.
Replies (4)
Yes... if itc has been taken on these goods....
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.
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.
This sale is like a sample sale of goods so no gst paid but if you claim input then you should reverse that input
No. It does not attract GST as transfer is without consideration
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