Transfer to depot
This query is : Resolved
04 September 2012
OUR FACTORY IS LOCATED AT HARYANA AND WE WANT TO SELL OUR PRODUCT TO OUR CUSTOMER AT KARNATKA THROUGH ESTABLISH A OUR DEPOT IN KARNATKA.
WE WANT TO SEND OUR EXCISABLE GOODS FIRSTLY TO OUR DEPOT AND THEN FURTHER SELL TO OUR CUSTOMER FROM KARNATKA DEPOT WITH SAME MATERIAL.
PLEASE SUGGEST THE WHETHER CST WILL BE CHARGED TO TRANSFER TO OUR DEPOT TREATED AS PREDETERMINED SALE OR IT WILL BE ASSUME STOCK TRANSFER.
MATERIAL WILL BE SELL TO ONLY ONE CUSTOMER FROM KARNATKA.
WE WANT TO SEND OUR EXCISABLE GOODS FIRSTLY TO OUR DEPOT AND THEN FURTHER SELL TO OUR CUSTOMER FROM KARNATKA DEPOT WITH SAME MATERIAL.
PLEASE SUGGEST THE WHETHER CST WILL BE CHARGED TO TRANSFER TO OUR DEPOT TREATED AS PREDETERMINED SALE OR IT WILL BE ASSUME STOCK TRANSFER.
MATERIAL WILL BE SELL TO ONLY ONE CUSTOMER FROM KARNATKA.
06 September 2012
Good question. There are number of decisions both favourable to assessee and also to the department.
Option No.1- a) You have to send the materials in bulk and not the exact quantity.
b) The branch in karnataka has to receive the stock and then to move the material to the buyer keeping some balance stock in the depot.
c) The material should not be supplied directly to the party.
d) Minimum two three parties you have to keep and single party supply will lead to cst sales under the guise of stock transfer.
e) While preparing the stock transfer documents do not mention that please supply to x....
f) Mention in the documents as "stock transfer against Form F".
Option No.1- a) You have to send the materials in bulk and not the exact quantity.
b) The branch in karnataka has to receive the stock and then to move the material to the buyer keeping some balance stock in the depot.
c) The material should not be supplied directly to the party.
d) Minimum two three parties you have to keep and single party supply will lead to cst sales under the guise of stock transfer.
e) While preparing the stock transfer documents do not mention that please supply to x....
f) Mention in the documents as "stock transfer against Form F".
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- Copyright software
- Regarding TDS Applicability For Director Remuneration
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
