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Ankur Aggarwal (Sr. Executive-Accounts & Finance)     25 March 2020

Transfer of Input Tax Credit from one Branch to another.

Hello,

I am asking on behalf of my company, Actually we have 3 Branches (Noida (HO), Bangalore & Chennai) across the globe wherein BLR & CHN branches having Input tax Credit only and not having Output tax Liability. Noida Branch is having both ITC and the Output tax liability as revenue Invoices are generate from Noida Head office only. So Please let us know that how could we claim ITC of BLR & CHN too under Noida GSTIN? or Do we need to register those 2 branches as ISD first? Your help will be highly appreciated.

Thanks 

Ankur Aggarwal



 3 Replies

NAVEEN CHAND

NAVEEN CHAND (GST Practitioner)     25 March 2020

Firstly , Transfer of INPUT TAX CREDIT is not allowed from one branch e-credit ledger to another branch e-credit ledger . 

Secondly , INPUT TAX CREDIT CAN NOT be taken as REFUND from the department EXCEPT in two case 

1. where supply is zero rated supplies (export) and there is inputs of purchases or 

2. In case of , INVERTED TAX STRUCTURE 

Lastly , you can take registration of any of the branch as ISD and distributed ITC on pro rata basis for the common invoices of services only (capital goods input OR inputs on purchases can not be distributed via ISD )

 

RAJA P M

RAJA P M ("Do the Right Thing...!!!")     25 March 2020

Yes... I agreed to Mr Naveen chand reply...


@ Mr Ankur Aggarwal.,

ITC can't be transfer from one gstin to another gstin...

as per you.,
BLR & CHN only have ITC not output then how is You move goods which is ITC related inputs...?!
Murari Karmhe

Murari Karmhe   08 July 2021

Transfer of ITC is allowed only when associated assets are also transferred.

 


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