Under GST, each branch office having a unique GSTIN is a distinct business unit, and tax is levied on the movement of goods.
When stock is transferred between branches, the tax is applicable as follows:
● Transfer outside the state: Integrated tax.
● Transfer within the state between branches with different GST registrations: Central and state tax.
● Transfer within the state with a single GST registration: Not considered as supply.
You can create income and expense account groups and record:
● Interstate branch transfer of goods
● Intrastate branch transfer of goods in case of different GST registrations
● Intrastate branch transfer of goods in case of same GST registration
To create a group for stock transferred to branches
1. Go to Gateway of Tally > Accounts Info. > Groups > Create .
2. Press Enter to save.
3. Go to Gateway of Tally > Accounts Info. > Ledger > Create .
4. Press Enter to save.
To create a ledger for stock received from branches
1. Go to Gateway of Tally > Accounts Info. > Groups > Create .
2. Press Enter to save.
3. Go to Gateway of Tally > Accounts Info. > Ledger > Create .
4. Press Enter to save.
You can levy integrated tax on stock transfers between branches located outside the state.
To record stock received from other branches
1. Go to Gateway of Tally > Accounting Vouchers > F9: Purchase .
2. Click F12: Configure and set the option Allow expenses/fixed assets for accounting allocations? to Yes .
The purchase invoice with tax analysis, profit and loss account, and GSTR-3B summary view appear as shown below:
To record stock transferred to other branches
1. Go to Gateway of Tally > Accounting Vouchers > F8: Sales .
2. Click F12: Configure and set the option Allow income accounts in sales vouchers? to Yes .
The sales invoice with tax analysis, profit and loss account, and GSTR-3B report appear as shown below:
You can levy central and state tax for intrastate stock transfers made between branches having different GSTINs.
To record stock received from branch office located outside the state
1. Go to Gateway of Tally > Accounting Vouchers > F9: Purchase .
2. Click F12: Configure and set the option Allow expenses/fixed assets for accounting allocations? to Yes .
The purchase invoice with tax analysis, profit and loss account, and GSTR-3B appear as shown below:
To record stock transferred to intrastate branch office with different GSTIN
1. Go to Gateway of Tally > Accounting Vouchers > F8: Sales .
2. Click F12: Configure and set the option Allow income accounts in sales vouchers? to Yes .
The sales invoice with tax analysis, profit and loss account, and GSTR-1 report appear as shown below:
Stock transfer between branches having same GSTIN is not considered as supply.
To create ledger for branch transfer inward
1. Go to Gateway of Tally > Accounts Info. > Ledger > Create .
2. Select the primary group created for stock received from branches.
3. Enter the details as shown below:
To record stock received from branch office or head office having same GSTIN/UIN
● Go to Gateway of Tally > Inventory Vouchers > F9 : Receipt Note .
The receipt note with the provision to enter e-Way Bill details and the Stock Vouchers report of Stock Summary appear as shown below:
You can print the receipt note with the GSTIN/UIN and state code.
To create ledger for branch transfer outward
1. Go to Gateway of Tally > Accounts Info. > Ledger > Create .
2. Select the primary group created for stock transferred to branches.
3. Enter the details as shown below:
To record stock transferred from branch office or head office having same GSTIN/UIN
● Go to Gateway of Tally > Inventory Vouchers > F8 : Delivery Note .
The delivery note with the provision to enter e-Way Bill details and Stock Vouchers report of Stock Summary appear as shown below:
You can print the delivery note with the GSTIN/UIN and state code.
