STOCK TRANSFER ISSUE -
This query is : Resolved
06 July 2022
Respected Sirs,
We are holding two GST Numbers in two different states of India. One is at Andhra Pradesh and the other is at Maharashtra. On both the numbers purchasing, manufacturing, processing and sales activities are affected. As both the GST Numbers have been issued to right our company only and if certain stock is transferred from one number to the other number, whether any GST liability will be levied on company even on transfer of stock.
PLEASE GUIDE ME AND OBLIGE.
We are holding two GST Numbers in two different states of India. One is at Andhra Pradesh and the other is at Maharashtra. On both the numbers purchasing, manufacturing, processing and sales activities are affected. As both the GST Numbers have been issued to right our company only and if certain stock is transferred from one number to the other number, whether any GST liability will be levied on company even on transfer of stock.
PLEASE GUIDE ME AND OBLIGE.
07 July 2022
Yes, GST will be applicable when stock is transferred to one state to another state having different GST numbers. They are considered as distinct persons and such supplies are taxable, to be supplied under tax invoice.
07 July 2022
Yes GST liability will arise on the stock transfer.
The sale of 1 branch will become a purchase for the other branch and thereby the GST component will not be lost.
The sale of 1 branch will become a purchase for the other branch and thereby the GST component will not be lost.
07 July 2022
CA PUJA SHARMA
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CAN U GIVE ME YOUR CONTACT NUMBER PLEASE
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CAN U GIVE ME YOUR CONTACT NUMBER PLEASE
07 July 2022
UDAYA CHANDRAN :
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CAN U GIVE ME YOUR CONTACT NUMBER PLEASE.
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CAN U GIVE ME YOUR CONTACT NUMBER PLEASE.
07 July 2022
Can u give me please format for the transfer of stock
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