INPUT ON TRANSFER OF BUILDING SHED TO BRANCH
This query is : Resolved
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13 December 2024
Hello Members,
There is a question that one assessee transfer its capitalized Building & Factory shed parts to its branch in other state, there are two questions that:
1. whether while transferring the Building & factory shed parts to branch GST is to be charged on it or not???
2. If GST is charged on it then branch can avail such ITC or not???
Please help regarding this matter.
Thanks
There is a question that one assessee transfer its capitalized Building & Factory shed parts to its branch in other state, there are two questions that:
1. whether while transferring the Building & factory shed parts to branch GST is to be charged on it or not???
2. If GST is charged on it then branch can avail such ITC or not???
Please help regarding this matter.
Thanks
Dhirajlal Rambhia
(Expert)
13 December 2024
Transfer of building or shed doesn't attract GST.
13 December 2024
No GST even in case of branch transfer?
Dhirajlal Rambhia
(Expert)
13 December 2024
GST is not applicable over land & building, even if sold to third party.
13 December 2024
Thank You for your reply
Dhirajlal Rambhia
(Expert)
13 December 2024
You are welcome.
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