A company's head quarter located in Mumbai. It has branches in telangana and in AP.
In AP for the FY 2019-20 no outward transactions, but ITC of Rs 2,50,000 accumulated.
My query is, does A P branch raise invoice to telangana to pass on ITC.
Thanks in advance.
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Deemed supply
Replies (5)
Yes you can do so .
If there is no actual supply taking place then it can be considered as fake invoicing.
If HQ registered as isd then it can pass on itc
Yes it can pass through ITC-02
ITC 02 only filed on transfer of business. Here no transfer of business is taking place.
ISD also cannot be used in this case since ITC already in balance of one state. ISD issued when service of common benefit between two or more registration is procured
ISD also cannot be used in this case since ITC already in balance of one state. ISD issued when service of common benefit between two or more registration is procured
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