How Gst Can Be Avoided By A Pvt Ltd Company Starting Another Unit By Transfering Part Assets

watch_later 2 years, 11 months ago

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

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1 Answer

GST Payer watch_later 2 years, 11 months ago

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.

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