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What are the GST implications when goods are re-possessed?

GST implications
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What are the GST implications when goods are re-possessed?

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When a creditor re-possesses goods and then sells them to a third party in order To recover its debt, the creditor would be liable for GST on the sale, not the debtor. The supply by the creditor has the same GST status as if it was made by the debtor. This is in accordance with Section 105-5 of the GST Act.

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