Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

GST on Stock Transfer

Atindra Kishor Bhattacharya (6 Points)

27 February 2018

How GST is dealt with under the law of GST

Reply
Follow
Share

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

Upgrade to CAclubindia Pro. Subscribe Now!

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