GST on Stock Transfer
Atindra Kishor Bhattacharya (6 Points)
27 February 2018
How GST is dealt with under the law of GST
4 Replies
sujith kumar dasa
(banglore)
(1496 Points)
Replied 27 February 2018
With regards to stock transfer, if it is intrastate transfer i.e., transfer one branch to another branch in same state then no GST is applicable and such transfer can be done with delivery challan and eway bill.
In case of interstate transfer i.e., transfer branch in one state to branch in another state, GST is applicable and invoice has to be alraised for same. Goods can be sent with tax invoice and eway bill
In case of interstate transfer i.e., transfer branch in one state to branch in another state, GST is applicable and invoice has to be alraised for same. Goods can be sent with tax invoice and eway bill
Bharath Soni
(Chartered Accountant)
(108 Points)
Replied 27 February 2018
Hello Mr sujit Sir
I completely agree with your explanation for Inter state.
But w.r.t Intra state , even that is taxable to GST.
As the charge for tax under GST is the term 'Supply"
Correct me if iam wrong.
Thanks
I completely agree with your explanation for Inter state.
But w.r.t Intra state , even that is taxable to GST.
As the charge for tax under GST is the term 'Supply"
Correct me if iam wrong.
Thanks
A.jeevanantham
(A,Jeevanantham)
(32 Points)
Replied 27 February 2018
Intra State:-
When the business entiry is registered in One State with more than one registration ,then Stock Transfer is Taxable
Raghunath Gadre
( DGM (Accounts))
(28 Points)
Replied 01 March 2019
Under GST is CAS4 certificate required for Inter Unit Transfer for related parties
Since Invoice value itself is to be taken as transaction value, pl advice
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