Gst on stock transfer

Dip Narayan (Deputy Manager) (772 Points)

16 April 2017

Does GST applicable to stock transfer despatch ( manufacturer make the stock transfer to his agent/ other warehouse/ depot)

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(Guest)

when HO transfers goods to a branch it shall amount to supply of goods and GST is payable

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Dip Narayan (Deputy Manager) (772 Points)
Replied 16 April 2017

Sir, From factory the finished products are despathced to agent / Depot. Does GST apply on this transfer?

Rajesh Kumar (Advocate- Tax) (7806 Points)
Replied 16 April 2017

Yes. GST is required to be paid on this transfer. Agent/depot can take input tax credit.

Bhavesh (Accounts) (899 Points)
Replied 23 April 2017

sir rajesh kumar what is the impact of GST for diamond industry. if you know please elabratoe it.

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