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Input transfer to new
i am takaing over my friend's business.i have taken gst reg.can i transfer the input balance of my friend to my new registration? pls rply thanks in advance
Replies (3)
Business will have to be sold/transferred as a going concern to transfer ITC
Yes you can transfer such ITC by filing ITC-02
By drawings (drawings is only a personal expenses of owner for his personal expenditures not for business related business expenses............suppose he wants to pay someone means that is called by cash in ledger
there is a difference is there By drawings and By cash in ledger of bank
am I correct?
there is a difference is there By drawings and By cash in ledger of bank
am I correct?
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