We have a stock item in himachal pradesh and no gst registration is taken till yet. we have business in himachal pradesh in 2010 to 2012 after that we dont have any work there. now we are going to sale the scrap from himachal pradesh to haryana. we have registered office in delhi can we bill raise from delhi to hariyana direct or we need to get oursleves registered in himachal pradesh.
for the purpose of tax planning we have 1200000 gst input credit in our delhi book which we can utilize the same against the sale of scrap. if we sell after taking registration from himchal pradesh then we need to whole tax.
sale of scrap amount is rs 1.2 crore.
pls reply fast its urgent
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GST sale of scrap
Replies (6)
Yes u have to registered in himachal as unregistered cannot sell interstate.
No u cannot Adjust ITC of delhi Against the other state himachal output
No u cannot Adjust ITC of delhi Against the other state himachal output
i can purchase on less value after registration in HP. say i can buy of only 10 lakh. after that i will sale as 3rd party sale to haryana??
No Aman ji I coudnt get you
But , yes u can do one thing take the registration in HP, & get the purchases from delhi office , & sell to Haryana
In this case ur delhi ITC will be utilised by Himachal office
But , yes u can do one thing take the registration in HP, & get the purchases from delhi office , & sell to Haryana
In this case ur delhi ITC will be utilised by Himachal office
by selling at less value form himchal to delhi. there is a provision na i think in rule 28, that if branch sale to HO at any value then we can book the same amount in our books if we r eligible for taking credit ?
Yes u r correct the accessible value (purchase of delhi office ) will be treated as open market value the credit of same can be avail
For HSN wise code & GST rate on sale of Scrap visit following link...
https://skmadvisory.com/gst-on-sale-of-scraps/
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