I WANTED TO KNOW IF I NEED TO CHARGE ANY KIND OF GST IN STOCK TRANSFER FROM PALCE OF LOADING TO FACTORY ?
EXAMPLE:-ABC CO. IMPORTED GOODS STORED IN A WAREHOUSE AND WANTS TO TRANSFER WAREHOUSED GOODS FROM WAREHOUSED PLACE TO ITS FACTORY PREMISES THROUGH TRANSPORT .
Dear Sir
There is no GST on the stock transfer between ware house to factory. In this case ware house and factory should be in same state (some establshments have in different state border areas.) and ware house should be mentioned in GST registration as whare house. and In which registration ware house address mentioned should be the same GST registraion of Factory also. In this case Delivery challan is sufficient for stock transfer by mentioning stock transfer internally from ware house to factory.
THANKS YOU WAS CONFUSED BETWEEN WITHIN STATE STOCK TRANSFER AND INTERSTATE TRANSFER.
Triveni Turbine Limited
Bengaluru
CA
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