Whether entry tax and cst will charged
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 January 2012
Dear Sir,
We are importing goods from china and unloaded at pune br .after paying all import duties .We have H.O at CHATTISGARH RAIPUR some time we tranfer imported goods from pune Br.
Now question raised
1.whether CST and ET will charged on such goods
2. if Yes then on what value.since br tr.is there.
3 how i will record this transaction in the books.
We are importing goods from china and unloaded at pune br .after paying all import duties .We have H.O at CHATTISGARH RAIPUR some time we tranfer imported goods from pune Br.
Now question raised
1.whether CST and ET will charged on such goods
2. if Yes then on what value.since br tr.is there.
3 how i will record this transaction in the books.
MJ Krishnamurthy
(Expert)
04 January 2012
Mr Author,
You can do stock transfer from your branch and H.O.by issuing 'F' form and no CST will be cahrgeable.ET will be applicable as per Entry tax Act of Chattisgarh and the goods on the total value,i.e. invoice value+import duty and clearing expenses+ transprtation cost to the H.O.
Regarding accounting the sender and receiver are to credit and debit their purchase a/c respectively.
MJK
You can do stock transfer from your branch and H.O.by issuing 'F' form and no CST will be cahrgeable.ET will be applicable as per Entry tax Act of Chattisgarh and the goods on the total value,i.e. invoice value+import duty and clearing expenses+ transprtation cost to the H.O.
Regarding accounting the sender and receiver are to credit and debit their purchase a/c respectively.
MJK
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