Gst and captive consumption
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 June 2018
Is there is any tax liabilty of GST on captive consumption.
Is there is any tax liability of GST on stock transfer
What is the difference between stock transfer and captive consumption.
Please throw light on the above queries.
Is there is any tax liability of GST on stock transfer
What is the difference between stock transfer and captive consumption.
Please throw light on the above queries.
29 June 2018
No tax liability of GST on captive consumption. GST applicable on stock transfer outside the state.
Stock transfer is transfer of stock for further sale as such. Captive consumption is consumption of own manufactured item in the manufacture of other products.
Stock transfer is transfer of stock for further sale as such. Captive consumption is consumption of own manufactured item in the manufacture of other products.
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 June 2018
Thank u sir. But if X a unit sends product to Y its sister concern for consumption . Is gst applicable in this case.
30 June 2018
If Sister Concern is having a different GST Number, then GST applicable.
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