Menu
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)
Quick Summary
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
Recent Topics :
- LTCG - SEC54
- Foreign remittance from our client for Co Working
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
Related Topics :
CAclubindia
