wether branch sale comes under the meaning of supply?I mean only supply not taxable supply
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Meaning of supply
Replies (8)
wether branch sale comes under the meaning of supply?
- Yes...
I mean only supply not taxable supply...
- What you mean...? is exempt supply...?
- Yes...
I mean only supply not taxable supply...
- What you mean...? is exempt supply...?
Yes it is covered under supply definition
branch is distinct entity and branch sale be treated as normal sales only. it is taxable supply
As per Schedule I the supply of Goods or services between related or Disticnt person is considered as supply .
Disticnt person are specified in section 25(4) of CGST Act : Person who has obtain more than one registration in a state or more than one state shall be in respect of each registration treated as disticnt person.
Hence any branxh sale is treated as supply under GST
Disticnt person are specified in section 25(4) of CGST Act : Person who has obtain more than one registration in a state or more than one state shall be in respect of each registration treated as disticnt person.
Hence any branxh sale is treated as supply under GST
supply to own branch is not taxable supply , it is consider as transfer of goods to branch,
Yeah...
If it's to intra state branches then it will be treated as Transfer...
If it's to inter state branches then it's treated as Sales.
If it's to intra state branches then it will be treated as Transfer...
If it's to inter state branches then it's treated as Sales.
correct sir. I agreed
correct
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