watch_later 09/03/18

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.

1 Response | Latest response: 10/03/18 | Sort by Likes(thumb_up) Recent | GST Reply
watch_later 10/03/18

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.


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