Question ID :
41013
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 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