We are holding two GST Numbers in two different states of India. One is at Andhra Pradesh and the other is at Maharashtra. On both the numbers purchasing, manufacturing, processing and sales activities are affected. As both the GST Numbers have been issued to right our company only and if certain stock is transferred from one number to the other number, whether any GST liability will be levied on company even on transfer of stock.
07 July 2022
Yes, GST will be applicable when stock is transferred to one state to another state having different GST numbers. They are considered as distinct persons and such supplies are taxable, to be supplied under tax invoice.
07 July 2022
Yes GST liability will arise on the stock transfer. The sale of 1 branch will become a purchase for the other branch and thereby the GST component will not be lost.
CAclubindia
