Query - "A" (Registered in GST) who is into business of Health Care and making exempt supply. A Co. has machinery on which they didn't claim the ITC at the time of buying machine.
Now Co. A has there branch in Bihar having the different GSTIN "B" (registered in GST) wants to transfer the machinery to "B". What would be the implications of GST on this transaction? Wheatear "A" has to charge the GST from "B" or not?
1 Replies
Rajendra Prasad
(Employee Private)
(1867 Points)
Replied 25 August 2021
Compulsory has to pay GST on the value as per Market price of said machinery at applicable rates.
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