GST IMPLICATIONS ON STOCK TRANSFERS

Goods and Services Tax – Started By: – SANDESH SHINDE – Dated:- 18-8-2015 Last Replied Date:- 14-12-2015 – Dear Sir, Please explain us when there is stock transfer within state which GST would be levied, IGST or CGST & SGST and additional 1% will leaviable.Please explain, thanks & regards. – Reply By KASTURI SETHI – The Reply = If stock transfer is within State it would attract tax under CGST or SGST depending upon the product whether scheduled under CGST or SGST. No additional 1 % will

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