In the current situation, we have more than one registration in each state in the name of same Company.
In relation with transfer of goods from One branch to another, GST is to be paid. However I require clarity regarding
1. Whether such amount paid is available as Input credit?
2. Whether such Credit will be reversed subsequently (because the sale was made to the branches)?
1. Yes
2. No..........
\what if input tax credit is not utilised by such branch, but subsequently transferred to another branch?
Each branch with different GSTIN is treated as independent unit, claiming input credit over the transfer to another unit............. till final sell to consumer/purchaser.
Thank you sir.
My Pleasure, Dear..
Shyam S Gupta and Company
New Delhi
CA Inter
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Goodwin Pumps India Pvt Ltd
Chengalpattu
CA Inter
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M N Rao & Associates LLP
Vijayawada
CA Inter
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CCI
Pro
CAclubindia
