Can we take inter branch transfer as treated as sales

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Oindrila Srimani (Querist)
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02 December 2019 Can we make accounts on branch separately? If we show sales on GSTR1 when we transfer stock to another branch in different GSTIN no., as per income tax act inter branch transfer is not treated as sales.Why inter branch transfer is not treated as sales?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 December 2019 For the purpose of income tax inter branch transfer is not a sale as it's only transfer of stock not a sale to third party

Gokul Sharma

Gokul Sharma (Expert)
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03 December 2019 sir in gst we can do so ........so there is diff of opinion as per income tax act and gst act ?
how to resolve it

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 December 2019 Show it in reconciliation it's acceptable.

Gokul Sharma

Gokul Sharma (Expert)
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03 December 2019 ok sir ......thanks for your reply

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