Predetermined sale under stock transfer
This query is : Resolved
11 December 2009
ABC CO. LTD. TRANSFERS HIS GOODS FROM DELHI TO TAMIL NADU AGAINST FORM - F AND SELLS ALL ITS SALE TO GOVERNMENT AGAINST ITS PRE-EXISTING PURCHASE ORDER. IS THIS TRANSACTION CORRECT.
CAN DVATO LEVIED CST AS CONSIDERING STOCK TRANSFER TO PREDETERMINED SALE.
CAN DVATO LEVIED CST AS CONSIDERING STOCK TRANSFER TO PREDETERMINED SALE.
12 December 2009
There are high chances that this would be covered under Predetermined Sales.
As a matter of precaution, you should unload the goods in Tamil Nadu. Keep atleast 10% in godown and balance 90% should be invoiced in TN.
Another option is that the date of the Purcase Order should be after the date of stock transfer to Tamil Nadu.
As a matter of precaution, you should unload the goods in Tamil Nadu. Keep atleast 10% in godown and balance 90% should be invoiced in TN.
Another option is that the date of the Purcase Order should be after the date of stock transfer to Tamil Nadu.
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