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GST ON DONATION
will get be imposed on any individual who donates movable property to any NGO.?
Replies (3)
No.
No... because there is no consideration involved.
and sale of constructed property is outside the purview of GST
and sale of constructed property is outside the purview of GST
permanent transfer of business assets on which itc has been claimed is supply under 7(1)(c) ie without consideration and hence liable to gst on open market value of the asset.
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