stock transfer

stock transfer

taxable if

1)transfer from one state to another

2) from one business to another business(inter & intra both)

not taxable if transfer is within the same business and its intra state stock transfer.

reason- registration is pan based but its not centralised so registration is to be taken for each state in which the business is being running and also different registration for diff types of bussiness even if it is in the same state. hence they all will have a distinct identity as far as gst is concerned and so interstate stock(branch) transfer will be taxable

Dear Sir,

We have two GST Registrtion in same State (i.e. Madhya Pradesh)

We have taken two different registrtion because it was having two TIN numbers due their respective zhones and facilities.

Now we have to do the entire shifting of Stock permanently from one place to another (Indtra State) both the units are regsitered as additional place of business in each other.

please guide what procedure we need to follow to do the shifting of stock.

Deepali