plz specify the section of cgst act.
intra-branch or inter-branch stocks transfer is gst liable or not?
3 Replies
CA ABHAY GUPTA
(Practice)
(3235 Points)
Replied 09 July 2020
Stock transfer is liable to GST as per schedule I of CGST ACT, transaction between Distinct person
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4825 Points)
Replied 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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