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Gst - multi branch transfer of goods

Bablu Debnath (Manager Finance & Accounts) (22 Points)

07 November 2016

how multi branch transfer of goods of company shall be done in the gst regime without Forms/ Paper

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Madhukar N Hiregange (Chartered Accountant) (39034 Points)
Replied 08 November 2016

Stock Transfer:

All branches outside the State would be on payment of IGST ( Intergrated GST) on comparable ( valuation rules still tobe finalised) values. Bracnh can avail the credit and supply further on paying the differecne.

Ex: 20,000 worth of goods stock transfered from Blore to Chennai. At- 18% = IGST 3600

Sold later by Chennai depot to consumer at 30,000- SGST + CGST payable = 5400= payment to govt 5400-3600 ( credit adjusted) = differecne 1800 in cash.