Santosh (Sr. Executive) (31 Points)
07 April 2012Hi,
1. For stock transfer to mumbai & pune any way bill is required or not.
2. In mumbai Octri is applicable so what document is required for stock transfer & how to mention the same in invoice.
3. What percentage is chargeable.
Please answer asap.
Thanxs.....
Sunil Kumar G
(AGM Taxation)
(373 Points)
Replied 07 April 2012
From where to move stock to Mumbai & Pune?. Say for example for stock moving from Bangalore to Mumbai, E Sugam under Karnataka VAT is required. Octroi is applicable for mumbai, Pune and Nagpur Corporations. Its depend on product.
Santosh
(Sr. Executive)
(31 Points)
Replied 07 April 2012
| Originally posted by : Sunil Kumar G | ||
 |
From where to move stock to Mumbai & Pune?. Say for example for stock moving from Bangalore to Mumbai, E Sugam under Karnataka VAT is required. Octroi is applicable for mumbai, Pune and Nagpur Corporations. Its depend on product. |  |
Stock is to be transfer from delhi
and the products are books, Electronics & accessories of mobiles & computers.
Sunil Kumar G
(AGM Taxation)
(373 Points)
Replied 07 April 2012
From Stock movement to Delhi to Mumbai , you should accompany delviery Note in Form 33 as per Rule 43 fo Delhi Value Added Tax Rules, along with your stock transfer Note. Mumbai Octroi Rate is 5.5% and Pune it is 2.50%.
CA.Kanhaiyalal Gupta
(Taxation Incharge)
(290 Points)
Replied 11 April 2012
Dear Mr. Sunil Kumar,
Weather Octroi rate is depend upon item like ( on auto parts what % octroi and on vehicle what % Octroi)
and what is the standard format for stock transfer note.
Thanks
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