TaxTMI 
TaxTMI 
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.
GST IMPLICATIONS ON STOCK TRANSFERS
18 Aug 2015 
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Intra state stock transfer GST treatment under CGST and SGST clarified, while procedural and inter state levy issues remain draft matters.
Intra state stock transfers are treated under CGST and SGST rather than IGST, with the additional 1% levy applying only to inter state transfers; views differ on whether a single GST registration prevents taxation on transfers within the same registration, and the draft status leaves procedural questions (payment versus return filing order) unresolved pending enactment. (AI Summary)
Intra state stock transfers are treated under CGST and SGST rather than IGST, with the additional 1% levy applying only to inter state transfers; views differ on whether a single GST registration prevents taxation on transfers within the same registration, and the draft status leaves procedural questions (payment versus return filing order) unresolved pending enactment. (AI Summary)