Gst & income tax related issue in firm

Sagar R Trivedi (Querist) 01 October 2019 This query is : Resolved
A B & C all are partners in construction firm ABC DEVELOPERS. land are in name of all partners. GST number & exp. credit was taken in FIrm's name(ABC DEVELOPERS). now problem is that, at the time of sale Office, in sale deed saller name will be all partner names Individually. the firms' name not come in any deed or agreement except partnership deed. what should be advice for GST & Income Tax related?

(1) should partners collect GST at the time of sale office??
(2) firm can pay gst credit on behalf of individuals??

Follow Query

Report Abuse

kavksatyanarayana (Expert) 01 October 2019
JI, to my understanding, first get the rectification deed for the sale deed. However consult local CA. He will verify your documents for guidance.

Dr J C Vashista (Expert) 02 October 2019
Commercial question.
You are required to consult a local prudent CA/ Tax Consultant.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries