watch_later 21/05/18

How can I transfer my finished goods to capital goods under GST within same proprietorship concern. What is the process ?

1 Response | Latest response: 22/05/18 | Sort by Likes(thumb_up) Recent | GST Reply
watch_later 22/05/18

There is no difference between capital goods and trading goods under GST.

Only condition under GST is that you should not claim depreciation under income tax on GST part of FA purchased.

So you can convert trading stock to Fixed Assets without any formality under GST.


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