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If a partner takes goods for …

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If a partner takes goods for personal use or goods are given as charity, why Input GST(CGST and SGST or IGST ) account is credited?

    • Posted by Anik Malakar 6 years, 4 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Sahil Kumar 6 years, 4 months ago

    Because . Goods is out in the business ... Acc. To the rule of real A/c ( dr what comes in ,credit what goes out ) So the purchase is on credit side ..the Gst on purchase is always input and follow the side of purchase.

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