TaxTMI 
TaxTMI 
A partnership firm has factory building . Now the firm is shifting to new location. Existing factory building(built in financial year 2012-13) it wants to transfer to sister concern. Whether gst applicable.
tranfer of factory building , gst implications
10 Dec 2018 
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Transfer of factory building to a related entity is not treated as supply and does not attract GST.
Transfer of a factory building by a partnership firm to a sister concern is examined under Schedule III read with Schedule II and is treated as neither a supply of goods nor a supply of services, so no GST is leviable on that intra-group transfer. (AI Summary)
Transfer of a factory building by a partnership firm to a sister concern is examined under Schedule III read with Schedule II and is treated as neither a supply of goods nor a supply of services, so no GST is leviable on that intra-group transfer. (AI Summary)
