GST on gift from father to son
Page no : 2
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 15 May 2019
As per sec 7 any transaction treated as supply if made for furtherance of business but here the gift is not for business so, it is not a Supply and no gst applicable.
CA Shikha Sharma
(Ceo)
(3869 Points)
Replied 16 May 2019
no GST since it's not business related nd no consideration
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