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trfd of stock in LLP as capital contribution
Please guide me on GST implication on stock in trade given by partner in form of capital contribution in LLP
Replies (3)
if partner is not registered in gst, than it is simple case of unregistered purchase.
but if partner registered book as per invoice issued by partner.
and on other transfer due balance to partners capital account.
but if partner registered book as per invoice issued by partner.
and on other transfer due balance to partners capital account.
partner held stock in his proprietory concern which is registered under GST
than partner will issue tax invoice to your firm
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