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Gst applicability on tranfer of title in good

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137 Points Joined 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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Paid Assistant
155 Points Joined June 2016
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 Joined August 2019
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 Joined June 2016
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 Joined June 2013

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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