We are a dairy company and hence not entitled to take input credits on our purchases. How do we manage transfer of assets between our branches (i) within the state & (ii) between 2 different states. If I am not mistaken, GST bill is mandatory even in case of branch transfers. In case of a Company who can claim input credit, we can show sales in the transferor branch and purchase in the transferee branch and net off the GST impact. Is there any relief for Company like ours?
Menu
How to manage transfer of assets between branches
Replies (1)
No this type of branch transfer does not necessarily require any gst bill.Its mandatory to hv transfer of assets registered between two states . But fixed asset must be carefully maintained.
Recent Threads
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
Related Threads
CAclubindia
