Branch transfer of stocks

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3 Points Posted on 09 July 2020
plz specify the section of cgst act.


intra-branch or inter-branch stocks transfer is gst liable or not?
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On 09 July 2020 at 13:40 Report
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This discussion clarifies whether intra-branch or inter-branch stock transfers are liable for GST. It is confirmed that stock transfers are subject to GST as per Schedule I of the CGST Act, specifically when transactions occur between distinct persons. Section 25(4) of the Act further defines distinct entities as those with the same PAN but multiple GSTINs.

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Practice
3235 Points Posted on 09 July 2020
Stock transfer is liable to GST as per schedule I of CGST ACT, transaction between Distinct person
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On 09 July 2020 at 14:00
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3 Points Posted on 09 July 2020
Thank you
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On 09 July 2020 at 14:21
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Partner - Audit & Assistance
4825 Points Posted on 09 July 2020

Also may refer Section 25(4) - which says two or more GSTINs having same PAN are considered distinct entities under GST.

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On 09 July 2020 at 17:21

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