Accounting entry on stock transfer to other branch and gst
This query is : Resolved
14 December 2017
Accounting entry on stock transfer to other branch and GST.
We are manufacturer of the medicine and we want to transfer few medicine to our new retail shop?
How do we need to treat the same in our book and whether it is applicable for GST?
Do we need to raise debit note for transfer of goods?
We are manufacturer of the medicine and we want to transfer few medicine to our new retail shop?
How do we need to treat the same in our book and whether it is applicable for GST?
Do we need to raise debit note for transfer of goods?
14 December 2017
If you transfer the goods to your branch within the state, delivery challan is enough. You can account it in your inventory as transfer to branch. GST is not applicable for transfers among branches within state.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Reporting in TDS return
- Traces submitting correction statement error
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
