E way bill in case of branch transfer
This query is : Resolved
vennela kathuri
(Querist)
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
(Expert)
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
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
(Querist)
02 May 2019
Invoice value means ,the bill issued to transferer entity by supplier.is this correct
CA Anita Bhadra
(Expert)
02 May 2019
Yes , it is correct
vennela kathuri
(Querist)
02 May 2019
Thank you very much
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