ICICI

stock transfer to other state in same proprietorship farm.


Khaleel Snd   08 July 2017

Khaleel Snd

 4 points

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we have branches in different states in same proprietorship farm is it possible to stock transfer without extra tax.

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Dhirajlal Rambhia (KVO Merau Kutchh)     08 July 2017

Dhirajlal Rambhia
KVO Merau Kutchh 
 9006 likes  91897 points

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You will not pay extra tax as whenever it is sold you will get back ITC (example, its not one is to one) ........... but when you transfer your own stock from one state to another you are required to charge IGST and raise Tax Invoice on your branch......

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