goods or machinery transfer under gst

goods transfer

current law

• goods transfer is currently exempt from on submission of Form F

gst law

• Supply includes goods transfer and will be taxable. This can create cash flow problems.

plant and machinery transfer

current law:

• CENVAT credit to be reversed under excise law

gst law

• Transfer of Plant and Machinery is Supply and GST is Applicable.

Q&A

Q.1) gst is applicable for transfer of plant and machinery ?

Yes
No

Ans: Yes

Q.2) gst is applicable for stock transfer ?

Yes
No

Ans: Yes

Q.3) Form F is available in GST Law ?

Yes
No

Ans: No

Posted by Accounting & Taxation at 2:04 AM

Labels: GST