GST implication on asset given by partner in form of capital contribution

srinivas senapati (partner) (23 Points)

08 August 2017

what is the GST implication if an asset is given to the firm by it's partner in the form of capital contribution?

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5 Replies

NITIN KOTAK (SERVICE) (1465 Points)
Replied 09 August 2017

Yes, It is covered under GST

NITIN KOTAK (SERVICE) (1465 Points)
Replied 09 August 2017

It is deem to be purchased from unregistered dealer

srinivas senapati (partner) (23 Points)
Replied 09 August 2017

thanks

Manjur Alad (Partner- FinForce Consulting) (38 Points)
Replied 22 March 2018

Will there be any Tax liability looking to existing GST scenario?

Sheetal Mehta (CA) (2 Points)
Replied 06 July 2018

IF A PARTNER TAKES CAPITAL ON BEHALF OF HIS CAPITAL CONTRIBUTION IS GST APLLICABLE

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