QUERY STOCK TRANSFER

This query is : Resolved

TARIQUE RIZVI (Querist)
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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?

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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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

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