Tagged: GST Branch Trasfer
N K Gupta
February 19, 2017 at 2:32 pm
Branch Transfer: Its a State wise accounting. Tax component on stock should move along with the stock hence, it is important that GST is paid on stock transfers also. Further, in case we need exemption, forms issue will arise which is not good in GST
Under GST the supply chain including the branch transfers will be seen a major makeover. The branch transfer in the interstate arena has no use. On the other hand present tax on manufacture would be shifted from mere removal point till actual supply or actual movement across the state borders.