Gst - multi branch transfer of goods
Bablu Debnath (Manager Finance & Accounts) (22 Points)
07 November 2016Bablu Debnath (Manager Finance & Accounts) (22 Points)
07 November 2016
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 08 November 2016
Stock Transfer:
All branches outside the State would be on payment of IGST ( Intergrated GST) on comparable ( valuation rules still tobe finalised) values. Bracnh can avail the credit and supply further on paying the differecne.
Ex: 20,000 worth of goods stock transfered from Blore to Chennai. At- 18% = IGST 3600
Sold later by Chennai depot to consumer at 30,000- SGST + CGST payable = 5400= payment to govt 5400-3600 ( credit adjusted) = differecne 1800 in cash.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)