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Applicability of gst on intra state stock transfer

4991 views 6 replies

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

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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