BRANCH TRANSFER UNDER GST:
Existing Law –
o Under Central Excise - If goods are transferred to the branch of the same business entity in the same state or from one state to another state, then Central Excise duty is charged on that transfer of goods.
o Under VAT - In case of inter-state transfer, “F” form is required.
In GST (Inter-State)-
o If any goods are transferred from one state to another state of the same business entity, then it would be considered as Supply under section 7 of CGST Act
o Hence IGST will be levied in such type of transaction of Section 5 under IGST Act.
In GST (within State) –
o If goods are transferred from one unit to another unit in the same state of same business entity having same registration number, then it would not be considered as Supply under section 7 of CGST Act.
o Hence no GST will be levied on such transactions under section 9 of CGST Act.
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rule for branch transfer in gst
Replies (11)
Yes correct
Dear Vikash,
As you mention last line :
"Hence no GST will be levied on such transactions under section 9 of CGST Act."
Why it is applicable under CGST ACT,why should not applicable under SGST ACT,
sir i want to know treatment of stock which is lying at branch. should we return stock to HO??? is there any other option regarding stock lying at branch pan india???
sir i want to know treatment of stock which is lying at branch. should we return stock to HO??? is there any other option regarding stock lying at branch pan india???
Thanks. But when transferring within two units in same state having same GST number, which document to use ?
, Please advice, If we are trasnfering the goods from once location to other location (both are rented location), So how can we transfer the goods.Noida to chennai
Its delivery challan
How to transfer the capital goods unsed in construction company from one site to other site in diffrener state.
Is it chargable to IGST and what will be the value for charging GST
In GST (within State) – o If goods are transferred from one unit to another unit in the same state of same business entity having same registration number, then it would not be considered as Supply under section 7 of CGST Act. o Hence no GST will be levied on such transactions under section 9 of CGST Act.
( On what head the stock should be transfered )
as if normal sales is made it is called sales invoice
same as what should be the head for the stock transfer If goods are transferred from one unit to another unit in the same state of same business entity having same registration number
We want to open another manufacturing company in within state different district means Haridwar & Kotdwar
i want open new business in haridwar and kotdwar business already run then How we can shift some capital goods from kotdwar to haridwar
Can we amend GST Registration ??/
You can use delivery challan for this.
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