if a person/corporation purchases assets through a bank of a default company which in now considered an NPA by a lender( bank/NBFC) what will be the treatment of GST and what will be it’s implications. And how to move this assets inter state.
In this case bank owns asset and bank will normally issue tax invoice. You can bring these goods interstate with E-way bill.
Alternatively if bank does not issue invoice, then you have can bring goods with charging IGST on RCM basis.
Sign up to discuss taxation, accounting and finance topics with experts from all over India.
Not a member? Register
Sign in with google