Multiple GST Registration-Asset
This query is : Resolved
Quick Summary
SHYAM KRISHNAN K
(Querist)
24 April 2025
Our business has obtained a separate GST registration for a business vertical that was previously part of the existing GST registration. From the date of the new registration, we have commenced billing under the new GST number and have transferred all existing stock to the new GST unit.
In this context, all the assets pertaining to the new unit are currently vested with the old GST registration. Is it mandatory to transfer these assets to the new GST registration? If so, what will be the GST implications on such a transfer?
In this context, all the assets pertaining to the new unit are currently vested with the old GST registration. Is it mandatory to transfer these assets to the new GST registration? If so, what will be the GST implications on such a transfer?
CA R SEETHARAMAN
(Expert)
30 April 2025
It's not necessary to transfer these assets to the new GST registration.
SHYAM KRISHNAN K
(Querist)
30 April 2025
If transfer what will be the impact
CA R SEETHARAMAN
(Expert)
30 April 2025
No impact as it's only business vertical.
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