Gst on goods transfer to agent
This query is : Resolved
14 June 2018
If goods are transferred to an agent for further sale in another state will gst have to be charged on the same???
What other documents should be attached with such transfer ???
The dealer is registered in Maharashtra
What other documents should be attached with such transfer ???
The dealer is registered in Maharashtra
14 June 2018
As per entry 3 of Schedule I Supply of goods by a principal to his agent where the agent undertakes to supply such goods on behalf of the principal shall be considered as supply, even if it is made without consideration.
Therefore, principal shall issue tax invoice for supply of goods in the name of agent and pay tax accordingly. If the principal and agent are located in two different states - IGST has to be charges. Otherwise CGST,SGST to be charged.
In case where the value of such goods is more than or equal to Rs.50,000-E-way has to be issued based on the tax invoice.
Therefore, principal shall issue tax invoice for supply of goods in the name of agent and pay tax accordingly. If the principal and agent are located in two different states - IGST has to be charges. Otherwise CGST,SGST to be charged.
In case where the value of such goods is more than or equal to Rs.50,000-E-way has to be issued based on the tax invoice.
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
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
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
