GST ON SELF CONSUMPTION FOR ANOTHER BUSINESS

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This query is : Resolved

Quick Summary

If you have multiple businesses under a single GST registration, you generally don't need to issue an invoice for goods or services transferred between them for self-consumption. However, these internal transfers must still be reported in your GST returns. Input Tax Credit (ITC) can be claimed if the inputs are used for further taxable supplies.

CA JAYESH RELKAR

CA JAYESH RELKAR (Querist)

09 October 2021 Facts of the case : Mr. A has business 1 & business 2, hereinafter called as B1 & B2.
B1 is of cement business and B2 is of Construction activity.
Mr. A sells cement from B1 to consumers as well as used this cement for B2 for civil construction.

Query : Do Mr. A have to issue invoice including gst to B2.
Do Mr. have to show sell of cement from B1 to B2 in GST return . If yes can I claim ITC wrt it?

Thanking you

Udaya Chandran

Udaya Chandran (Expert)

09 October 2021 A single GST registration is enough. If registered separately, invoice is to be issued for the supplies made from one business to another business. Otherwise no need to issue any invoice, provided that the location of all businesses are available in GST registration taken as single.

Yes, all the supplies should be reported in GSTR returns.

ITC is available only when the input is used for further supply of works contract service.