Applicability on of GST on inter-branch transfer of capital assets

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Ruchit Khimawat (Querist)
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12 May 2023 Is GST applicable on inter-branch transfer of laptops from Mumbai Branch to Gujarat (GIFT CITY-IFSC) Branch?
The laptops have been capitalized in the books of accounts and the ITC on the same have been availed.
Please note that the laptops are being transferred to GIFT City of Gujarat where GST is exempt.

CA Altamush Zafar

CA Altamush Zafar (Expert)
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13 May 2023 Yes GST will be applicable on Mumbai branch.....

Ruchit Khimawat

Ruchit Khimawat (Querist)
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13 May 2023 But Gujarat branch will not be able to claim the ITC of the same as there will be no output tax liability. So it will result in a loss of GST.