hi friends,
If HO.(Mumbai) transfer some goods to branch at Rs.150/- and branch sale it on Discount at Rs.110/- than whats the accounting of branch and F Form value.
is it valid transection
Plz reply soon,
Regards,
Manish
5 Replies
Satyendra sahu
(service)
(216 Points)
Replied 27 August 2008
HI manish,
1) Branch will record good at rs. 150 form HO.
2) Record sale at 110/-.
3) Form - H , will be issued at Rs. 150/-.
4) Transaction is valid.
Well I would like to state that I am not an expert in sale tax, and request to contact your consultant.
Kiran Raju
(Process Executive)
(88 Points)
Replied 27 August 2008
BRANCH WILL SELL THOSE GOODS AT DISCOUNTED PRICE.............
VIPLOVE GOYAL
(CA STUDENT)
(58 Points)
Replied 27 August 2008
the branch can sale it at low price if the M.P. is fall then it will record the loss of rs 40 in its books
thanks
CA Ravish Trivedi
(The Possibilities are Infinite...)
(772 Points)
Replied 05 September 2008
Rs. 40 will be discount on sales.
Recent Topics
- Financing for Properties and Businesses
- TAX DEMAND STILL SHOWING ON INCOME TAX PORTAL, EVE
- FORM 10 IEA IN Revised return
- ITC Eligibility on GTA
- Top Highest Tax-Paying Celebrities: FY 2023-24
- Misplace society Bye law
- Submit ommited invoice of previous year
- Need your valueble insight
- GSTR-9 Invoices
- Agricultural Business Loss
Related Threads
CAclubindia
