Hi
We are operating a branch of our business 25 kms away from our head office, under the same GSTIN. We used to do stock transfers on a daily basis to this branch. Instead of an invoice a stock transfer challan was issued along with the goods and no tax was levied.
We are concerned that whether these stocks will be taxable under the new GST structure? The reply we have been getting everywhere is that these intrastate stock transfers are not taxable under the new tax structure if the branches are operated under the same GSTIN. But noone has mentioned the exact Article number regarding the same.
Kindly help us out in this regard as we might have to shut down the branch if the goods are taxed. And if the goods can be transfered without charging any tax then kindly mention the article number wherein it is stated that these goods are not taxable.
CAclubindia
