GST
Stock transfers to other GSTINs in GSTR-9C
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Facts
Supplies between GSTINs of the same PAN in different States are taxable supplies between distinct persons, so they are part of the supplying GSTIN's GST turnover.
Provisions and law
- Sec 25(2), CGST Act 2017One registration per PAN per State, with separate registrations allowed for multiple places of business in a State.
- Rule 80(3), CGST Rules 2017A taxpayer whose aggregate turnover exceeds ₹5 crore files a self-certified reconciliation statement in GSTR-9C along with GSTR-9.
Analysis
In consolidated accounts these transfers are eliminated, so they appear as a reconciliation item. Add them back for each supplying GSTIN. Keep the invoices and e-way bills for such transfers. Valuation should follow the rules for related parties.
Conclusion
- List branch transfer invoices by GSTIN.
- Add them to that GSTIN's turnover in the reconciliation.
- Check valuation of such transfers.
- Keep supporting invoices.
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GSTR-9C reconciliation statement
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