Storing at Cold Storage

[Kaustubh Karandikar]

XYZ is registered with GST and buying raw material which is directly delivered to PQR (Cold Storage) for storing these goods. From PQR’s Cold Storage, the goods are transferred to XYZ’s premises in piecemeal as per the requirement. 1) Is XYZ required to declare PQR’s premises as ‘Additional Place of Business’ even when PQR is already separately registered under GST? If registered as additional place, can XYZ claim ITC of the entire amount at the beginning even if goods are received in piecemeal? In my view, XYZ can declare PQR's premises as additional place of business and in that case can claim entire credit against the invoice received without waiting for the entire quantity of goods to be received at his premises from cold storage. Expert's views please.

AI Summary

XYZ Can Declare PQR's Premises as Additional Place of Business for Full ITC Under GST Rules XYZ, registered under GST, purchases raw materials delivered to PQR's cold storage, from where they are transferred to XYZ's premises as needed. The query is whether XYZ must declare PQR's premises as an 'Additional Place of Business' under GST, considering PQR's separate registration. If declared, XYZ could potentially claim the Input Tax Credit (ITC) for the entire invoice amount upfront, despite receiving goods in parts. Both respondents agree with the view that XYZ can declare PQR's premises as an additional place and claim the full ITC initially.