stock transfer under gst
CA Arun Gupta (CA) (173 Points)
09 June 2017CA Arun Gupta (CA) (173 Points)
09 June 2017
CA Anoop Tiwari
(Practicing Chartered Accountant)
(135 Points)
Replied 09 June 2017
As per the FAQs issued by CBEC,
Considering Question no.7 & 8 is respodning your query, 1) Interstate self transfer will be treated taxable supply and liable for IGST. 2) Intrastate self supply is not taxable supply, You are absolutely right that without trnasferring the titile of goods will be trated as supply of service.
Here Govt intention to levy GST is to maimtin trail of all taxable supplies.
CA Arun Gupta
(CA)
(173 Points)
Replied 09 June 2017
CA Anoop Tiwari
(Practicing Chartered Accountant)
(135 Points)
Replied 12 June 2017
Gupta ji,
In case of self GST registration in variuos states is to be treated a distinct person and different GST no. shall be issued.
So there would not be any issue to pay IGST or distribute GST by ISD as well
Thanks.