In Sl. No. 5D, deemed supply as mentioned in Schedule-I is to be reported. The illustrations of transactions to be reported in Sl. No. 5D of FORM GSTR-9C are as follows:
- Transfer of machinery from Agra Branch to Bengaluru Branch without consideration for indefinite usage in production activity is a supply although there is no considerationinvolved.
- An Architect located in New Jersey, USA may provide architect services to say, his brother who is a builder in India and is a related taxableperson.
- Foreign branch supplying manpower to Head Office located at Hyderabad.
- Cloud servers and data storage facilities are commonly shared by the group of entities. Each region is allocated its share of cost. In such instances, it is possible that due to difference in financial year closure in various other branches, the relevant cost of the Indian entity may not be recorded. The auditors needs to ensure that by year end, these costs are also reckoned - GST is paid and the relevant input tax credit is claimed.