Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Storage of goods outside factory premises under gst

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Rajendra Hegde

Rajendra Hegde (Querist)
Follow

08 July 2017 Sir. Explain the procedure for storage of fg & input under gst

Rajesh Kumar

Rajesh Kumar (Expert)
Follow

08 July 2017 Rule 56(5) of the CGST Rules provides that every registered person shall keep the particulars of the complete address of the premises where goods are stored by him, including goods stored during transit along with the particulars of the stock stored therein.Rule 56(6) provides that if any taxable goods are found to be stored at any place(s) other than those declared under sub-rule (5) without the cover of any valid documents, the proper officer shall determine the amount of tax payable on such goods as if such goods have been supplied by the registered person. Thus the only thing required is declaration of place of storage and proper accountal of goods at the place of storage. If it is done, goods can be stored anywhere without any restriction.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now