What are the GST implications if a partner is bringing his personal jewellery into his jewellery business?
3 Replies
CA Sachin M Jain
(CA | GST | Refunds | Advisory | Litigation)
(1363 Points)
Replied 19 August 2020
There is no GST implication on induction of Capital in the partnership firm in any form Cash or kind.
Bringing the personal jewellery into business is not in the nature of furtherance of business.
For further clarification contact -
CA Sachin M Jain
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Bringing the personal jewellery into business is not in the nature of furtherance of business.
For further clarification contact -
CA Sachin M Jain
#Stayconnected #stayupdated
Mobile : 8097515447
WhatsApp : tinyurl.com/wCASMJ
Email : casachinmjain @ gmail.com
LinkedIn : tinyurl.com/LCASMJ
YouTube : tinyurl.com/YCASMJ
Twitter : tinyurl.com/TCASMJ
Subin Mathew
(12 Points)
Replied 19 August 2020
But my doubt is whether that transaction will be considered as a supply from an Unregistered dealer to a registered dealer?
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