sir i want to transfer my Fixed assets to another state in same co.
1. is e waybill necessary
2 if yes then which doments req. delivery challan or invoice
3. Is GST Applicable
4. Is ITC availed or not
Fixed assets transfer in same co. other state gst & waybill
Replies (1)
As per sec 7( schedule 1) of CGST Act, transfer of goods between distinct persons shall be supply even without consideration.
E way bill necessary if value of consignment exceeds 50,000.
It requires invoice not delivery challan as it is supply
GST applicable on the above transaction and you can avail ITC
E way bill necessary if value of consignment exceeds 50,000.
It requires invoice not delivery challan as it is supply
GST applicable on the above transaction and you can avail ITC
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
