| Question And Answer | |
|---|---|
| Subject: | section 9B vs GST |
| Category: | GST |
| Querist: | BKS |
| Answered by: | Law Intern |
| Tags: | CGST |
| Date: | September 11, 2025 |
Does Gst apply when stock is allotted to partner ?
If stock is allotted to a partner as part of profit distribution (e.g in lieu of cash), it could be treated as a supply of goods under Schedule I if it involves business assets on which ITC was claimed. GST would apply on the market value of the stock.
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