Menu
Shifting of business to another state
my client has shifted the whole unit to another state and got registration in that state. whether the stock transfer shall be subject to gst or not
Replies (1)
Yes gst is applicable
is quite common in a business having PAN India transactions to transfer its stock to its other units, depos, warehouses to cater to timely delivery orders from different Geographical Locations. Under Current Tax scenario, inter- state or intra-state stock transfers are subjected to levy of Excise Duty on removal of Goods. The same is not subject to VAT/ CST. Under the model of GST, tax is collected on supply of Goods with or without consideration being paid or agreed to be paid.
is quite common in a business having PAN India transactions to transfer its stock to its other units, depos, warehouses to cater to timely delivery orders from different Geographical Locations. Under Current Tax scenario, inter- state or intra-state stock transfers are subjected to levy of Excise Duty on removal of Goods. The same is not subject to VAT/ CST. Under the model of GST, tax is collected on supply of Goods with or without consideration being paid or agreed to be paid.
Recent Topic
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
Related Topics
CAclubindia
