QUERY STOCK TRANSFER
This query is : Resolved
TARIQUE RIZVI
(Querist)
30 December 2025
Dear Sir,
A company holds two GST Registration Certificates:
1- Andhra Pradesh and 2- Mumbai
They transfer stock from Andhra Pradesh to the Mumbai GST number and then export it from Mumbai. How should this transaction be recorded in books?
A company holds two GST Registration Certificates:
1- Andhra Pradesh and 2- Mumbai
They transfer stock from Andhra Pradesh to the Mumbai GST number and then export it from Mumbai. How should this transaction be recorded in books?
02 January 2026
Stock transfer AP → Mumbai: Taxable supply, IGST payable
Accounting: Sales in AP, Purchase + ITC in Mumbai
Export from Mumbai: Zero-rated supply
Consolidated books: Inter-unit entries eliminated
Compliance risk: Nil if invoicing and valuation are correct
Accounting: Sales in AP, Purchase + ITC in Mumbai
Export from Mumbai: Zero-rated supply
Consolidated books: Inter-unit entries eliminated
Compliance risk: Nil if invoicing and valuation are correct
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