If Company running Commercial Coaching & send study material to other state branches & Printed books Are exempted under GST
Can I book invoice without IGST ???
No they are not exempted under GST, In fact Even If the supply is between two branches of the same legal entity, there can be a GST liability if one of branch is located in another state.
But you have a relief ,While such inter-state transfer supplies of goods or services are taxed, in effect the company is enabled by the law to transfer the credit lying in one state to another, as it can immediately avail the credit of such taxes paid in the receiving branch.
Thus GST is leviable and issuing Invoice without it is out of question.
Valuation
The law provides that if the recipient branch is eligible to take credit, the value declared in the invoice by the transferor branch will be accepted without further scrutiny.
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