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Intra state stock transfer

Deeptha Srinivasa Ragavan (Article Assisstant) (218 Points)

24 May 2018

what is the GST implications for intra state stock transfer of goods from one company to its unit, of the unit is additional place of business mentioned while GST registration. Is there
any need to charge GST on the same. kindly clarify with relevant section.

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9 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160332 Points)
Replied 24 May 2018

When the same GSTIN, no question of charging GST while transferring goods to branch registered within same state.

1 Like

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 24 May 2018

Can be transfer on delivery challan if GSTN is same

1 Like

Rohan Bagra (406 Points)
Replied 24 May 2018

IF GSTIN IS SAME THEN NO NEED TO CHARGE GST.

AND FOR TRASNFER DELIVERY CHALLAN MAY BE USED.

Vinod Babu (24191 Points)
Replied 24 May 2018

Yes no need to charge any gst if GSTIN is same.

Anirudh (Student) (299 Points)
Replied 25 May 2018

The unit would not fall in the definition of "establishment of distinct person" as it is not a separate business verticle. Thus, stock transfer wud not be treated as a supply.

1 Like

kabeera mohammad (Semi qualified CA) (22 Points)
Replied 26 May 2018

As it is not a separate business vertical and it is registered in same gstin ,,,, no need to charge gst on that supply

pratik mehta (Practicing Chartered Accountant) (30 Points)
Replied 26 May 2018

WHAT IF ENERGY PRODUCED IN ONE PLANT AND FOR CAPTIVE CONSUMPTION IS USED BY TWO PLANTS OF SAME COMPANY. WILL THIS BE COUNTED AS SALE OF ENERGY FROM ONE PLANT TO ANOTHER AND GST TO BE CHARGED?

Anirudh (Student) (299 Points)
Replied 26 May 2018

Supply to self is also a taxable supply if there is involved a consideration. Without consideration it needs to be a case of related or distinct person (different GSTIN).

Dharmendra Soni (Chief Accountant) (23 Points)
Replied 23 November 2019

When the same GSTIN, no question of charging GST while transferring goods to branch registered within same state.

Above is OK , But Refer RULE 55 of CGST ACT for ransportation of goods without issue of invoice.-(1)For the purposes of-

(a) supply of liquid gas where the quantity at the time of removal from the

place of business of the supplier is not known,

(b) transportation of goods for job work,

(c) transportation of goods for reasons other than by way of supply, or

(d) such other supplies as may be notified by the Board,

he consigner may issue a delivery challan, serially numbered not exceeding

sixteen characters, in one or multiple series, in lieu of invoice at the time of removal of

goods for transportation, containing the following details, namely:-

(i) date and number of the delivery challan;

(ii) name, address and Goods and Services Tax Identification Number of the

consigner, if registered;

(iii) name, address and Goods and Services Tax Identification Number or

Unique Identity Number of the consignee, if registered;

(iv) Harmonised System of Nomenclature code and descripttion of goods;

(v) quantity (provisional, where the exact quantity being supplied is not

known);

(vi) taxable value;

(vii) tax rate and tax amount – central tax, State tax, integrated tax, Union

territory tax or cess, where the transportation is for supply to the consignee;

(viii) place of supply, in case of inter-State movement; and

(ix) signature.