Question ID :
40770
TAXABILITY
Whether GST needs to be charged on the assets taken by Retiring Partner on Retirement?
Posted by
BHAVESH VACHHANI
on
Aug 12, 2020
Filed Under
GST
As per the provisions of GST.
Permanent transfer or sale of business assets on which input tax credit has been availed will also be treated as supply even if there is no consideration received.
Posted by
CA ANUJ JAISWAL on
Aug 13, 2020