Branch transfer inter state
This query is : Resolved
24 September 2019
Hello frnds,
I want to ask if there is a branch transfer of goods or capital items from one state to another state .whether GST applicable on this transfer .
1) If goods are transnferred. Not for further supply is gst applicable
2)If goods are transffered for further supply is gst applicable
And
3)if capital items are transffered to interstate is gst applicable
Would also like to know that the mode of transport used in above cases. Is gst applicable on this means of transport
I want to ask if there is a branch transfer of goods or capital items from one state to another state .whether GST applicable on this transfer .
1) If goods are transnferred. Not for further supply is gst applicable
2)If goods are transffered for further supply is gst applicable
And
3)if capital items are transffered to interstate is gst applicable
Would also like to know that the mode of transport used in above cases. Is gst applicable on this means of transport
24 September 2019
GST will be applicable for Inter state branch transfer .
If the consignment not for further supply and use in furtherance of business , taxable value will be open market value which will be the amount charged in the invoice.
If the consignment is for further supply as such , the GST is to be charged @ 90% invoice value to be charged to recipient.. The above is applicable for capital goods also.
If the consignment not for further supply and use in furtherance of business , taxable value will be open market value which will be the amount charged in the invoice.
If the consignment is for further supply as such , the GST is to be charged @ 90% invoice value to be charged to recipient.. The above is applicable for capital goods also.
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