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Lavanya Rajakumar

Latest Posts by Lavanya Rajakumar

Valuation For Inter-Branch Transactions Under GST

December 10, 2019 51045 Views 4 comments Print

During the pre-GST era, for inter-State stock transfers the major concern of the Industry was with regard to additional cost of CST and the compliance burden of submission of statutory forms. However, there was no concept of deemed service between branches located in two different States and hence there was no requirement to pay Service Tax on such activities. With the introduction of GST, by virtue of Schedule I, the scope of levy has been enhanced to cover even deemed service transactions.

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