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.
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???
, 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
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