watch_later 15/02/18

we are having  many branches in India and frequently we need to shift our Plant & machinery assets from one branch to another (Inter state). Now My doubt is:

Is GST  applicable on capital goods,we don't have any invoices for these assets and if gst is applicable then what valve will be consider?

please help.if you can advise GST rule ,shall be highly solicited.


Cs Deepika Agarwal

1 Response | Latest response: 15/02/18 | Sort by Likes(thumb_up) Recent | GST Reply
watch_later 15/02/18

Yes GST has to be charged at every point asset is transferred between different interstate branches. Short answer is you need to charge 110% of cost as value of supply.

For long answer read below 2 articles by Pulkit to understand valuation rules and plan accordingly.

Valuation under GST

Valuation in special cases


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