Inter branch transfer in gst
This query is : Resolved
03 October 2018
In GST if an assesse is having its branch in another state, then the same will be treated as an distant person and separate registration is to be taken for that.
Suppose the HO purchases goods for Rs. 8 with MRP of Rs. 20. Earlier it uses to make branch transfer entry at zero value and sell at Rs. 15 to the wholesaler from the branch. The margin is Rs. 7 i.e. 46.67%.
Now the transaction involving the branch transfer will be treated as a separate supply. At what price the HO should transfer the goods to the branch under GST?
Suppose the HO purchases goods for Rs. 8 with MRP of Rs. 20. Earlier it uses to make branch transfer entry at zero value and sell at Rs. 15 to the wholesaler from the branch. The margin is Rs. 7 i.e. 46.67%.
Now the transaction involving the branch transfer will be treated as a separate supply. At what price the HO should transfer the goods to the branch under GST?
04 October 2018
Branch transfer will treat as taxable supply
04 October 2018
Yes it will be treated as a different supply transaction. I want to know how to execute the branch transfer. Whether such trf wll create economic effect post GST for the branch?
04 October 2018
Please refer to Rule 28 of the CGST Rules for valuation of supply for goods transferred between distinct persons. It is generally the open market value of the goods.
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