Is the inter state stock transfer between branches liable to GST?
Is the inter state stock transfer between branches liable to GST?
Jeeba Jun. 20, 2018
Under the GST regime, the taxable event is the supply of goods. It means tax is levied on the supply of goods from one taxable person to another taxable person with or without consideration. And it includes inter-branch transfers as they considered as a separate entity.
Thus, making the inter-branch transfers is taxable and tax will be levied on such inter branch transfers on the date of transfer and the input tax can be claimed.
