08 July 2017
Dear Sir, Our manufacturing in Delhi & our Sale depot is also in Delhi. Now i want to know that- what types of Invoice i will raise when i will send the Goods to our Depot? and is it taxable movement or not?
08 July 2017
Stock Transfer (Intra-State) Two establishments of same entity within same state would get covered under single GSTIN (GST registration number). Thus, any stock transfer between them would not amount to supply and thus, no tax would be levied.
The taxability of stock transfers under GST will have an impact on cash flow. This is because, tax is paid on the date of stock transfer, and ITC is effectively used when stock is liquidated by the receiving branch
CAclubindia
