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Intra state branch transfer

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Trainee CMA
241 Points Posted on 13 July 2018
We are purchasing material from Goa from our supplier by paying igst. We have HO at calicut and a branch in Ernakulam (both places in Kerala). How to transfer material from ernakulam to calicut... Whether it should be shown as local sales and charge cgst and sgst??

Please advice
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On 13 July 2018 at 16:50 Report
Replies (7)
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"Do the Right Thing...!!!"
128152 Points Posted on 13 July 2018
No....
No need to charge GST for Intra State Branch Movements...

You just transfer with Delivery Challan...
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On 13 July 2018 at 17:10
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Chartered Accountant
2414 Points Posted on 13 July 2018

But in case your HO and branch are having different registration under GST, then you will have to charge CGST & SGST. Generally HO is having ISD registration, that's why I am saying. 

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On 13 July 2018 at 17:43
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Trainee CMA
241 Points Posted on 14 July 2018
No both are having same registration
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On 14 July 2018 at 10:40
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Chartered Accountant
2414 Points Posted on 14 July 2018
In that case no GST to be charged
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On 14 July 2018 at 10:47
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Trainee CMA
241 Points Posted on 14 July 2018
Ok sir thanks... But i have a confusion in making entry in tally.. delivery note entry under which ledger?? we got GST sales a/c and IGST Sales a/c.. Should i create new ledger?
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On 14 July 2018 at 11:03
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Chartered Accountant
2414 Points Posted on 14 July 2018
Yes you may create a new account namely 'stock transfer'
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On 14 July 2018 at 13:04
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"Do the Right Thing...!!!"
128152 Points Posted on 14 July 2018
No...

Prepare a Ledger as "Branch Office - Under BRANCH & DIVISION" in Head Office account

& Differciate to Branch Office Account...


Go to Stock Transfer Voucher and Prepare Yourself...
1 Reply
On 14 July 2018 at 13:09


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