watch_later 11/03/18

How the GST can be avoided by a Pvt Ltd company if starting another unit on transfering part assets.

1 Response | Latest response: 11/03/18 | Sort by Likes(thumb_up) Recent | GST Reply
watch_later 11/03/18

Your question is not complete. Please make sure you provide full details when you ask a question.

Parts missing in your question are:

  • Whether new units will be a branch?
  • Whether it will be a standalone company?
  • Whether branch is in same state or different state?

If your new unit will be a branch within same state, then you can transfer assets with delivery challan without charging GST.

If it is a branch in different state, then you need to charge GST and branch in different state can take input tax credit.

If it is a separate company then new company can take input tax credit.


Sign up to discuss taxation, accounting and finance topics with experts from all over India.

Join Discussion