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GST implication on asset given by partner in form of capital contribution
what is the GST implication if an asset is given to the firm by it's partner in the form of capital contribution?
Replies (5)
Yes, It is covered under GST
It is deem to be purchased from unregistered dealer
thanks
Will there be any Tax liability looking to existing GST scenario?
IF A PARTNER TAKES CAPITAL ON BEHALF OF HIS CAPITAL CONTRIBUTION IS GST APLLICABLE
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