Hi
We are operating two braches of our business in the same state. We have applied for a single GST registration number for both.
Will any tax be levied on stock transfer between them?
Regards
Rahul Gupta
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Applicability of gst on intra state stock transfer
Replies (6)
intrastate stock transfer is taxable only when entity has more than one registration in one state.so gst will not be applicable in your case
intrastate stock transfer is taxable only when entity has more than one registration in one state. so gst will not be applicable in your case
If u opt Single GST registration, you may send goods w/o charge SGST/CGST under STOCK TRANSFER to other premises.
Ty so much for your replies. Is there any specific point in the GST charter that can be quoted regarding the same?
What is the net effect of gst on truck tyres & spare parts of machineries ?
section 9 of CGST Act.
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