Accounting entry on stock transfer to other branch and GST.
We are manufacturer of the medicine and we want to transfer few medicine to our new retail shop? How do we need to treat the same in our book and whether it is applicable for GST?
Do we need to raise debit note for transfer of goods?
It is Intra State sir.
Tax is applicable?
We maintain separate Tally/accounts and consolidate at the time of audit.
| Originally posted by : RAJA P M | ||
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Tax not applicable... But, As per GST we ll show the basic value and Tax value in DC... |
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Thank you Raja Sir.
| Originally posted by : RAJA P M | ||
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Accounting : Just create a "Stock Journal" in both end. |
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If separate books are maiantained whats the accouting treatement?
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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