Stock Transfer- CST Act
This query is : Resolved
19 September 2008
The client has a factory at Gandhidham (Gujrat), from where he first transfers his goods to Mumbai warehouse, and then sells his goods to Mumbai customers charging VAT. In this way he avoids CST. Is it correct?
19 September 2008
First thing is that no tax is leviable on goods transfered to some one (agent or himself)other than by way of a sale.
F Form and other evidences are mandatory and onus of proving that the inter state movement was not a sale is on the dealer.
If the ultimate buyer is predetermined or if the tailormade goods (as per specific order of ultimate buyer)is sent via stock transfered, it may be traeted a s sales.
F Form and other evidences are mandatory and onus of proving that the inter state movement was not a sale is on the dealer.
If the ultimate buyer is predetermined or if the tailormade goods (as per specific order of ultimate buyer)is sent via stock transfered, it may be traeted a s sales.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- Confusion around Form 26QB fields
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
