Stock transfer
This query is : Resolved
Imran Ahmad
(Querist)
18 December 2015
My client manufecture Dutiable & Exempted goods. Some Raw material use in both products. He transfer Raw Material to Exempted finished goods by making Stock Transfer for which he issue a Tax cum Excise Invoice (i.e Sale Invoice) in his own name and only pass a JV for Duty portion in tally(Raw Material value during stock transfer not entered in Tally). Is it correct?
Arun Kumar Singh
(Expert)
19 December 2015
The cenvat credit will not be available on input used in the manufacturing of exempted goods.
Imran Ahmad
(Querist)
19 December 2015
Thanks to your answer but my point is whether stock transfer is made through Tax Cum Challan Invoice.
Arun Kumar Singh
(Expert)
19 December 2015
Yes, you can transfer the goods through tax cum challan.
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