Multiple GST Registration-Asset

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A business has split a vertical into a new GST registration, transferring stock and billing. The assets for this new unit are still under the old registration. While it's not mandatory to transfer these assets, understanding the GST implications of such a move is important, though in this case, it's noted as having no impact due to it being a business vertical.

SHYAM KRISHNAN K

SHYAM KRISHNAN K (Querist)
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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?