E way bill in case of branch transfer

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vennela kathuri (Querist)
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02 May 2019 We are transferring asset from one branch to another branch with in the entity, for that we issued tax invoice with net book value of that asset only for the purpose of E way bill. Can we use netbook value for branch transfer of asset.

CA Anita Bhadra

CA Anita Bhadra (Expert)
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02 May 2019 The value in e way bill should be invoice value as per GST valuation rule .
Section 15 & Rule 28 of GST Rules specifies the value of the supply of goods or services or both between distinct persons .
Nowhere in the rule has mentioned that it can be net value of the asset.

In my view , you can not use Net value for e way bill

vennela kathuri

vennela kathuri (Querist)
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02 May 2019 Invoice value means ,the bill issued to transferer entity by supplier.is this correct

CA Anita Bhadra

CA Anita Bhadra (Expert)
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02 May 2019 Yes , it is correct

vennela kathuri

vennela kathuri (Querist)
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02 May 2019 Thank you very much

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