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?
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?
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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