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| 1. |
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? |
| Answer» Solution :It is CREDITED because at the time of purchase GST Paid on these GOODS was debited to Input GST (CGST and SGST or IGST) Account. The goods are not sold but have reached their final destination, i.e., will not be sold further. Therefore, GST (CGST and SGST or IGST) is credited. | |