Stock transfer from head office to branch

Dear Sir/Madam,

 

The company's head office where I am working is located in New Delhi and branch office is located in Odisha. Head Office has to transfer some stock of UPS and Inverters to branch office. What are the documents required in transport for stock transfer..

Kindly advise.

Thank you in advance..

Sujata 

Replies (1)

 

Its depend upon the location. In Delhi, if you are 
transfering the goods then only need is stock transfer note 
which contain Consignor Name, Address, Tin No. and 
Consignee Name, Address, Tin No. 
Particulars of Item you are transfering with Quantity and 
its value. Do'nt forget to mention mode of Transport, By 
Road then Vehicle NO. and attached builty of Transporter. 
If the stock transfer supported by the vendor bills of the 
good you are transferring then it will be very nice and 
wise decision. 

In case of Haryana, UP, Orrissa,Jaipur like other state 
where Inward and Out ward form is compulsory like in 
faridabad ST-38 inward is compulsory if value of goods is 
equal or exceed Rs. 25,000/- also in case of UP where the 
value of Goods equal or exceed Rs. 5000/-.

Conclusion, you need to be very careful while transfering 
the stock because it inolve movement of good from one state 
to another state without paying CST. Also you need to know 
whether inward form is required or not when you 
transferring good in another state. As you aware in CST 
Rule, it is mentioned that it is the duty of assessee to 
prove that stock transfer take place.

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