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GST implications on Drawings, Goods and Services Tax - GST

Issue Id: - 115431
Dated: 16-9-2019
By:- Kaustubh Karandikar
GST implications on Drawings

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XYZ is a Proprietory Concern. The proprietor is withdrawing amount from time to time from the Proprietory Concern’s Account and the same is shown as ‘Drawings’ in the books of accounts. However, details regarding the expenses made against the same is not available. Will this have any negative impact under the GST provisions such as GST liability?

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Showing Replies 1 to 1 of 1 Records

1 Dated: 16-9-2019
By:- Shilpi Jain

When there is no activity / supply there should not be a levy. I do not see a reason why the drawings would have any negative impact under GST.


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