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GST on stock transfers to branches

Mahesh Reddy (111 Points)

08 June 2017

can anybody help out for gst provisions relating to branch stock transfers

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28 Replies

Rajendra M (25 Points)
Replied 08 June 2017

in GST Tax is based on Supply.

branch transfer is a Supply So Tax should be paid on Supply .even from to Factor to Branch and Input credit Flows

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Mahesh Reddy (111 Points)
Replied 08 June 2017

tq sir, we need to issue tax invoice on the same by mentioning same gstn ,

manish jain (nothing) (67 Points)
Replied 08 June 2017

GSTN FOR BRANCHES WILL BE DIFFERENT
SO ITS NOT SAME NO.

Mahesh Reddy (111 Points)
Replied 08 June 2017

ufff, if inter star then gstn vl be different, for same state branches gstn vl be same

Mahesh Reddy (111 Points)
Replied 08 June 2017

inter state stock transfer then we need to issue tax invoice that I know. but my question is for same state branch stock transfers

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CA NEHA RAMPURIA (Taxation Consultant) (1823 Points)
Replied 08 June 2017

For same state if you have separate registration then yes. And if you single registration then it won't b considered as supply and no taxability

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Mahesh Reddy (111 Points)
Replied 08 June 2017

tq CA neha. I took single registration mam, then wat documents I should issue for stock transfer

PRABIR PAUL (*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.) (1443 Points)
Replied 09 June 2017

if stock transfer without consideration then what will be the value considered?

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CA NEHA RAMPURIA (Taxation Consultant) (1823 Points)
Replied 09 June 2017

You need to issue delivery challan plus way bill if value of goods exceeds 50000 rs

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rajender kumar kothari (director) (36 Points)
Replied 09 June 2017

do we also have to create invoice through gst portal for sale made, even if we already issue a tax invoice with serial no?

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joydeep (partner) (40 Points)
Replied 09 June 2017

I HAVE TAKEN UP SINGLE GSTN NO. FOR MY BUSNESS WITH HEAD OFFICE AT KOLKATA (W.B ) AND ONE BRANCH SHOWROOM AT BURWAN (W.B). I USUALLY TRANSFER GOOD ABOVE Rs 2 lacs FROM H.O TO BRANCH AND VICE VERSA.

A. . WILL I CHARGE GST ON SUCH TRANSFERS .

B. I USUALLY ISSUE VOUCHER AND CHALLAN ON SUCH TRANSACTIONS WITH NO GOOD VALUE MENTIONED ON IT.

C. CAN I SELL GOOD TO MY CUSTOMER FORM H.O AND BRANCH WITH SAME GST NUMBER AS I AM DOING NOW.

WHAT I NEED TO DO POST GST PLEASE SUGGEST AND OBLIGE ?

CA NEHA RAMPURIA (Taxation Consultant) (1823 Points)
Replied 09 June 2017

A) if single registration then no gst on transfer of goods. B) delivery challan shall b issued but with certain details. C) yes you can sell it from either branch or h. O since single registration is taken

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Sunil Sharma (CMA & CS) (584 Points)
Replied 09 June 2017

1.foremost For now GST is not implied yet so you need to follow the same VAT procedure what is there for the respective state. Don't do anything proactively.
2. If in case the issue is after GST is implied then there will not be any specific regulations if the transfer is within the state for branch transfer just issue a delivery challan on self and supply the goods and if it's out side the state then a delivery challan with E way bill has to be generated for Goods more then 50k keeping the place in mind as every e way will has a time limit or kms limit so plan wisely.

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