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Gst on inter state movement of asset (book value is zero)

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(Querist)
01 August 2018 Hi all,

Kindly requesting your advice on the above subject.

We need to shift UPS from our Tamilnadu office to Kerala office. WDV value is Zero as on date. How GST is applicable on this? Shall we generate a new invoice for this?
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Nilesh

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Nilesh (Expert)
03 August 2018 even though book value is zero you assign value and transfer - since it would be transaction with distinct person

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