Question ID :
38103
GST LIABILITY
PROP FIRM REGD WITH GST PROVIDES TRANSPORT SERVICE AND SO ON ITC IS CLAIMED ON CAPITAL GOODS PUCHASED,(TRUCKS). NOW A NEW PARTNERSHIP FIRM IS FORMED AND TRUCK ARE BROUGHT IN FIRM AS CAPITAL CONTRIBUTION. WHETHER GST ON TRUCK IS APPLICABLE ON PROP FIRM.???
Posted by
YOGESH GANDHI
on
Apr 19, 2019
Filed Under
GST
Yes it is applicable on the firm as well.
Posted by
CA. BISHT RAKESH on
Apr 22, 2019