dear sir/madam,
can you tell us the impact of transfer of good from gead office to branch held in other states in gst tax liability and return.
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Transfer of stock head office to its branch in Other states
Replies (6)
Yes , as per schedule I , R/w section 7 of CGST Act it's Taxable & GST is applicable
Head Office in one State and Branch in Other State are distinct persons under GST. Hence, Transfer from One State to another shall be treated as a taxable supply and IGST shall be payable on the same. Also Tax Invoice is mandatory and E-waybill should be raised in case value of consignment is more than 50K.
CA Premanshu Jalswal sir if transfer or stock is made between same state.
i have transferred the good in delhi both account maintain in head office.
i have transferred the good in delhi both account maintain in head office.
In case Head Office and Branch Office both are in the same state, no GST is applicable. Transfer the goods by raising a Delivery Challan only. E-waybill may be generated in case distance is more than 50KM.
eway bill needs to be generated even if the distance is of 1 kms.....
good clarification and information
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