sir i want to transfer my Fixed assets to another state in same co.
1. is e waybill necessary
2 if yes then which doments req. delivery challan or invoice
3. Is GST Applicable
4. Is ITC availed or not
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Fixed assets transfer in same co. other state gst & waybill
Replies (1)
As per sec 7( schedule 1) of CGST Act, transfer of goods between distinct persons shall be supply even without consideration.
E way bill necessary if value of consignment exceeds 50,000.
It requires invoice not delivery challan as it is supply
GST applicable on the above transaction and you can avail ITC
E way bill necessary if value of consignment exceeds 50,000.
It requires invoice not delivery challan as it is supply
GST applicable on the above transaction and you can avail ITC
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