If we use invoice format for stock transfer, will it not amount to sale? How the credit will be distinguished in GST credit ledger? How does gst portal consider this and distinguishes?
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Stock transfer under gst
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Hi,
As per GST rules, stock transfer is taxable. You can raise invoice with tax.
After return the material you can claim input tax credit (Credit Note)
Note:
1. You must return goods with in six months.
2. Branch transfer is taxble in GST (F-Form is not available in GST)
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