Stock transfer

I am registered in Maharashtra under VAT & CST Act. I have to arrange a training camp in Bangalore for which some material is required and there I didn't have any VAT & CST registration.

Since materiel is for internal consumption how can raise invoice to own but if you don't have any invoice then it can not cross Maharashtra.

Any material coming to Bangalore must be accompanied with E sugam but I can not issue E sugam because I have no registration under VAT & CST Act.

So now my issue is how to transfer the material from Maharashtra to Bangalore?
Replies (6)

Is training camp in Bangalore your place of business ...... ??

No we are aranging it to demonstrate our product.

Dear Yogesh Kumar

 

Since you are using the products for the demonstration purpose, it means that you are using it for the business promotion .

There is no need to raise an invoice in the name of your business . Debit the value of the material used for business promotion to the Profit and Loss A/c ....

 

Ok....

Sory to say bro.............!

But read my question first.
My issue is how to transfer material from Maharastra to Bangalore?

You may transfer the material against declaration stating that the consignment is not for Sale and does not hold any commercial value.  It is being used for Business Promotion only.

This will do.

 

 

Credit your Trading A/c as goods used for self consumption ....... or business promotion

 

at first it is not at all a stock transfer since no place of business at bangalore and stock transfer is said to have taken place when you have transferred goods to a place of business other than the place from where the goods have been stock transferred ....

 

do not raise an invoice in your name .... just take out the goods and say it used for self consumption or business promotion .........

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