https://www.taxtmi.com/forum/issue?id=114521 Stock transfers between units of the same entity are treated as supplies between distinct persons for GST, enabling ITC to the receiving unit where tax was charged. A payment condition exists for retention of ITC and failure to pay may require reversal. However, internal book adjustments are treated as deemed payment under the rules, and such deemed payment can satisfy the payment requirement, avoiding reversal of ITC for intra entity transfers. en-us Sat, 19 Jan 2019 15:13:43 +0530 Thu, 23 Jan 2025 15:55:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114521 Stock transfers between units of the same entity are treated as supplies between distinct persons for GST, enabling ITC to the receiving unit where tax was charged. A payment condition exists for retention of ITC and failure to pay may require reversal. However, internal book adjustments are treated as deemed payment under the rules, and such deemed payment can satisfy the payment requirement, avoiding reversal of ITC for intra entity transfers. Discussion-Forum GST Sat, 19 Jan 2019 15:13:43 +0530 https://www.taxtmi.com/forum/issue?id=114521