Moving finished goods from one factory unit to another factory unit
This query is : Resolved
22 December 2018
We have two factories within the state with same GSTIN. We are shutting down one unit. We would like to transfer the unsold finished goods in the unit being shut down to the other unit. We plan to do it with an invoice without GST and will also generate an e way bill. Is this procedure ok or do we need to intimate any authorities regarding the movement of FG.
CA R SEETHARAMAN
(Expert)
22 December 2018
Use delivery challan.......
03 August 2024
Generally, there is no need to separately intimate the GST authorities about internal transfers within the same GSTIN. The e-way bill generation and the internal delivery challan should suffice for compliance purposes.
However, it is prudent to maintain proper records of such transfers, including the delivery challan and e-way bill, in case of any future audits or inquiries.
However, it is prudent to maintain proper records of such transfers, including the delivery challan and e-way bill, in case of any future audits or inquiries.
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