Question ID :
41012
GST Reversal on capital goods
A Bank Branch has transferred some Furniture to its Branch within same state at Book value . Whether Reversal Provisions will apply
Posted by
Mahesh Kumar
on
Apr 02, 2021
Filed Under
GST
If the Receiving Branch is registered as Branch office in GST No. of Sending Branch then reversal is not required on transfer of Capital good
Posted by
MUSTAK AHMAD on
Apr 04, 2021
Answer ID :
81041
246072
Posted by
MBVS MANIKANTA on
Apr 07, 2021
Answer ID :
81075
If both the branch situated in the same state under single GST registration then there is no need of any reversal. Certainly the details about the location of assets in FIXED ASSETS Register will change.
Posted by
CA. JHA SHANKAR KUMAR on
Apr 25, 2021