Transfer of Trucks of transporter inter state will be stock transfer – pay IGST

By | June 6, 2017
(Last Updated On: June 6, 2017)

Q: Sir, whether trucks of transporter moving inter state will be stock transfer of asset. Do we need to pay IGST on every move?

If the truck in its capacity as a business asset is transferred to related/distinct person in another state it will amount to stock transfer and IGST is leviable.

[ Reply on 03.06.2017 at 4.32 am  as per Twitter Account of Govt of India for GST queries of Taxpayers ]

Transfer of Trucks of transporter inter state will be stock transfer

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