Kolkata branch to Patna branch as the stock transfer is gst will be applied?

Sir if a co. Is sending good from Kolkata branch to patna branch as stock transfer is gst will be applied

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5 Answer(s)

The transaction is subject to tax under the GST Act 2017

Answered on May 30, 2017.
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The transaction to tax

Answered on June 2, 2017.
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Yes it would be taxable but you can book credit on that. Reason : the word used in GST is \”SUPPLIES\” and not \”SALES\” . thus supplies include branch/stock transfer also. If the stock transfer is within the state then GST would not apply only if you have opted SINGLE REGISTRATION for all of your premises within the state. In such case, mere Bill Of Supplies would be sufficient. Conclusion: in your case GST is applicable.

Answered on June 3, 2017.
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Yes but input credit will be available.

Answered on June 4, 2017.
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Yes igst charged and it claimed. it loses the working capital.

Answered on June 5, 2017.
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Your Answer

Gen GST