Please help regarding Branch Transfer as per GST Act.
This month we have send the materials to our branch in other state under Tax Invoice.
The above branch transfer have to show separately in GSTR 3B and whenever calculate the turnover the branch transfer have to consider or not.
I agree with your statement.
As a Auditor point of view; Normally Auditor will arrive the Aggregate Turnover by adding the monthly sales transaction in monthly returns.
Is there any provision in monthly returns of GSTR 3B to separately discribe the Branch Transactions value.
Why because, Whenever the branch transactions also clubbed with Actual sales in monthly returns how will arrive the aggregate turnover without branch transactions value.
In GST aggregate T/O calculated as per PAN... Not an GSTIN...
If the transfer of Supplies in Intra State then GST not applicable and will be file all branch (Intra) transactions in One GSTIN.
If the Transfer of Supplies to Inter State and It will be treted as Sales and You will file separate GSTR in saeparate GSTIN...
at what price we can transfer good to our branch
is there any rule
or we can transfer at any price
we want to transfer finished goods from punjab to delhi branch
while issuing tax invoice what should be the price of product.
my q. is there any rule in gst act regarding price of the product in case for one branch to another branch transfer
or we can transfer our product at any price from one branch to another branch.
No... Actual sale value will be chargeable is better
| Originally posted by : venkat | ||
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Please help regarding Branch Transfer as per GST Act. This month we have send the materials to our branch in other state under Tax Invoice. The above branch transfer have to show separately in GSTR 3B and whenever calculate the turnover the branch transfer have to consider or not. |
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1)In simple words transfer from 1 branch to another branch of different state is taxable. This branch transfer is to be shown in the same column as other taxable supplies.
2)Whenever you calculate the turnover, include the value of such branch tranfer.
| Originally posted by : RAJA P M | ||
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No Dear Mr CA Shivam Arora., It's also treated as inter state supply and Show it in outward taxable supplies column. |
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That's what I said ! I didn't mention the exact words like--Outward taxable supplies (other than zero rated, nil rated and exempted), rather I used the words other taxable supply only.
| Originally posted by : CA Shivam Arora | ||
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Originally posted by : RAJA P M No Dear Mr CA Shivam Arora., It's also treated as inter state supply and Show it in outward taxable supplies column. That's what I said ! I didn't mention the exact words like--Outward taxable supplies (other than zero rated, nil rated and exempted), rather I used the words other taxable supply only. |
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