Dear Team,
What are the steps for transferring physical stock from Mumbai branch to Gujarat branch?
• Is e-way bill applicable if value of goods transferred is more than 1lacs?
• What should be the value of goods transferred? Zero-rated or the actual value?
• Is there an online procedure for transferring physical stock from one branch to another?
Please help. Thanks!
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Transfer of goods under GST
Replies (1)
For a branch transfer between different states (Mumbai to Gujarat), you must treat it as a taxable supply. You are required to issue a tax invoice, pay IGST, and generate an e-way bill if the consignment value exceeds ₹50,000. You have valuation flexibility if the receiving branch is eligible for full ITC.
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