Anon
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.

JOIN LARGEST DISCUSSION PLATFORM

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

Join Discussion