Sir, if we sell handloom and fancy sarees in Andhra Pradesh and Hyderabad, will it be taken as inter state sale or intra state sale. Whether composite scheme applicable to us? Is there any barriers in stock transfers between two areas? We bring stock at both areas from various states and sell there itself. Some times we transfer stock between two areas.
Menu
Business having branches in more than one state
Replies (4)
1. If you sale product within state then it is intra state if you sale outside state then it is iterstate
2.you can opt for composition scheme if your turnover below 75 lakh and youall your sale
2.you can opt for composition scheme if your turnover below 75 lakh and youall your sale
Is within state
3. There is no gst on stock transfer within state... But you have to pay igst if sock transfer outside state
3. There is no gst on stock transfer within state... But you have to pay igst if sock transfer outside state
Assessess liable to register with different state branches. you can not sell or supply outside state in composition scheem. and without adopte composition scheem you can supply outside side state with collecting IGST. whether is customer or branches.
if u have diff reg in same state u ll be liable to gst for branch transfer .read section 25 for def of distinct person also refer schedule 1
Recent Threads
- What's CGAS?
- A Comprehensive Guide to Modern Digital Marketing
- Income tax status
- Demand raised for 'Self assessment tax' amount AY2
- TDS payment using Form 26QB when buying property o
- Export sales not realised payment not received fro
- RCM related queries
- Negative Export Value in GSTR 3B
- Income tax intimation -AY 24-25
- Tax Implications of Alumni Union (R) under Society
Related Threads
CAclubindia
