The answer is Yes. Even if there is no payment of consideration, inter-state self-supplies such as stock transfers, branch transfers, or consignment sales are taxable under the IGST. In accordance with Section 22 of the model GST law, every supplier is required to register under the GST law in the State or Union territory from which he makes a taxable supply of goods or services or both.
GST Return Filing
- What is the taxable event under GST?
- What is the scope of ‘supply’ under the GST law?
- What is a taxable supply?
- What are the necessary elements that constitute supply under CGST/SGST Act?
- Can a transaction in which any one or more of the above criteria is not fulfilled, be still considered as supply under GST?
- Are self-supplies taxable under GST?
- Whether transfer of title and/or possession is necessary for a transaction to constitute supply of goods?
- What do you mean by “supply made in the course or furtherance of business”?
- What is a Composite Supply under CGST/ SGST/UTGST Act? How will tax liability on a composite supply be determined under GST?
- What is a mixed supply? How will tax liability on a mixed supply be determined under GST?