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?
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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.
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