We have purchases material from Nasik ( Maharashtra ) and directly send to our buyer to Kolhapur ( Maharashtra )
Our unit is located at Pune.In our purchase invoice party ( seller ) mentioned that - Buyer ( we .Pune location ) & consignee Kolhapur location ( our Buyer )
We maintain inventory , stock register .In this case it is essential to in & out the material in stock record.
Material is not physically brought in godown , directly gone to our party (Buyer )
Menu
Ship to Bill to
Replies (3)
Quick Summary
Gst registration is required in both cases.
Yes. You need to record in & out the material in stock record.
But sir , physically material is not come in store.
Even though recording is necessary. Only financial books of entry is not sufficient
Even though recording is necessary. Only financial books of entry is not sufficient
Recent Topics :
- Foreign remittance from our client for Co Working
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
Related Topics :
CAclubindia
