If a Mumbai HO is having branch in AP state and AP branch is having GST No, HO buy material from Gujarat & trf it to job worker in telangana. After finishing off the job Work process material is directly sold to Customer from TG only. My query is that whether Ho can transfer the Finished goods from Job worker premises to its Godwan at AP state & sell it from AP in IGST or Sell need to be made from AP State only charging CGST & SGST as branch is registered in the same state.
Gst - levy of gst
Replies (1)
On transferring the goods from Job worker to Godown, the transfer has to be made with Invoice with IGST and can take the ITC of the same, as it is a stock transfer between distinct persons as per Sec 7 read with Schedule 1.
Sale from Godown of AP can be made with CGST and SGST, as the same i.e. godown is registered
Sale from Godown of AP can be made with CGST and SGST, as the same i.e. godown is registered
Recent Topics :
- 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
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
Related Topics :
CAclubindia
