Whether entry tax and cst will charged

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 January 2012 Dear Sir,

We are importing goods from china and unloaded at pune br .after paying all import duties .We have H.O at CHATTISGARH RAIPUR some time we tranfer imported goods from pune Br.
Now question raised
1.whether CST and ET will charged on such goods
2. if Yes then on what value.since br tr.is there.
3 how i will record this transaction in the books.

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
Follow

04 January 2012 Mr Author,
You can do stock transfer from your branch and H.O.by issuing 'F' form and no CST will be cahrgeable.ET will be applicable as per Entry tax Act of Chattisgarh and the goods on the total value,i.e. invoice value+import duty and clearing expenses+ transprtation cost to the H.O.
Regarding accounting the sender and receiver are to credit and debit their purchase a/c respectively.
MJK

Message likes : 1 times