Machinery Branch Transfer

IGST 258 views 4 replies
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Accounts Executive
81 Points Joined July 2013

Dear Sir,

We have two Factories, One Located at Hyderabad another located at Vijayawada. Now We want to transfer one Machinery from Hyderabad factory to Vijayawada Factory. What are the documents required for this? GST Applicable or Not? Way bill required?

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On 11 August 2020 at 13:29 Report
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1102 Points Joined December 2019
As Vijayawada in Aandra Pradesh, Soo you have separate registration for both...
Both are considered as Deemed District Person soo transfer of Machinery will be taxable under GST
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On 11 August 2020 at 13:39
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3924 Points Joined December 2017
As per schedule I (section 7 of the CGST act ) GST applicable on permanent transfer of an asset where input tax has been availed . you have to prepare Tax Invoice and valuation should be done as per rule 27 of the CGST rules 2017.
please confirm with others also .
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On 11 August 2020 at 13:46
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accountant
519 Points Joined January 2019

Raise the invoice from Hyderabad fact. and send it to Vijayawada & take the ITC for the same at Vijayawada factory. 

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On 11 August 2020 at 14:12
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GST Practitioner
55062 Points Joined June 2017
Can you clarify the purpose of transfer of machinery & what kind of machinery it is ..
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On 13 August 2020 at 00:28


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