Can someone please explain in depth why GST is not charged on intra-state stock transfer between branches holding the same GSTIN i.e. of the same entity. How does it not fall within the ambit of Supply under Section 7?
Don S (1 Points)
07 October 2021Can someone please explain in depth why GST is not charged on intra-state stock transfer between branches holding the same GSTIN i.e. of the same entity. How does it not fall within the ambit of Supply under Section 7?
Durgesh Vashisth
(Financial Consultant)
(252 Points)
Replied 07 October 2021
Dear Sir,
If both branches have the same GSTN ie one branch registered first & then the other branch is shown as an additional place of business. That's why this is not considered as a Supply of Goods.
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