Capital Asset – Plant and Machinery introduced by incoming partner in partner ship firm
Query (Issue) Started By: – anuja bhandari Dated:- 26-2-2019 Last Reply Date:- 21-3-2019 Goods and Services Tax – GST
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GST
A proprietor firm unregistered in GST has plant machinery in Assets. The proprietor in individual capacity will be introduced as partner in partnership firm and will introduce the plant and machinery as capital introduction. WDV of plant and machinery is 1 crore. P
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