Branch stock transfer (with in state)

This query is : Resolved

ANOOP.M.K

ANOOP.M.K (Querist)
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03 February 2017 Dear Sir\Madam,

As per the VAT Act , there is no tax liability on branch stock transfer with in & out side state. Under GST Act there what kind of tax rate is applicable & is applicable to within state transfer also..

CA Amrita Chattopadhyay

CA Amrita Chattopadhyay (Expert)
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04 February 2017 As per GST, if the branch is situated in another state, it will be considered as sale and GST will be applicable. However, transfer to branch which is situated within the state will be subject to GST

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ANOOP.M.K

ANOOP.M.K (Querist)
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04 February 2017 Thanks for your reply

CMA Abhay Kumar Yadav

CMA Abhay Kumar Yadav (Expert)
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06 February 2017 Stock transfer or branch transfer outside state is subject to IGST. CGST & SGST Payable on stock transfer within state only if different registration. Thanks & Regards, CMA Abhay Kumar Yadav Amricon Consulting

ANOOP.M.K

ANOOP.M.K (Querist)
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06 February 2017 Thank U sir..

Regards

Anoop

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