Dear Experts, This may sound a very basic question, but would like to get some expert opinion on the same. We have a factory , a dozen showrooms and few Dealers. The factory manufactures goods (eg, furniture) and stock transfer the same at X price to Showrooms. Half of the sale is made to Dealers at the same X price. Now, showrooms and Dealers are allowed to sell the same at Y price which is the MRP. Both Factory and Showrooms come under one company. Are we suppose to pay differential duty on the goods transferred to Showrooms? Please advise.
CAclubindia
