Avinash Jeevan Dsouza (Assistant In Charge Accountant) (3292 Points)
14 December 2017Accounting entry on stock transfer to other branch and GST.
We are manufacturer of the medicine and we want to transfer few medicine to our new retail shop? How do we need to treat the same in our book and whether it is applicable for GST?
Do we need to raise debit note for transfer of goods?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 14 December 2017
Avinash Jeevan Dsouza
(Assistant In Charge Accountant)
(3292 Points)
Replied 15 December 2017
It is Intra State sir.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 15 December 2017
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 15 December 2017
Avinash Jeevan Dsouza
(Assistant In Charge Accountant)
(3292 Points)
Replied 15 December 2017
Tax is applicable?
We maintain separate Tally/accounts and consolidate at the time of audit.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 15 December 2017
Avinash Jeevan Dsouza
(Assistant In Charge Accountant)
(3292 Points)
Replied 15 December 2017
| Originally posted by : RAJA P M | ||
 |
Tax not applicable... But, As per GST we ll show the basic value and Tax value in DC... |
 |
Thank you Raja Sir.
Avinash Jeevan Dsouza
(Assistant In Charge Accountant)
(3292 Points)
Replied 15 December 2017
| Originally posted by : RAJA P M | ||
|
Accounting : Just create a "Stock Journal" in both end. |
|
If separate books are maiantained whats the accouting treatement?
CAclubindia
