Kindly advice me if I buy hospital drugs and consumables in one state and transfer it to other state as an inter unit tranfer and if I am not registered with sales tax. Then what is the procedure and can I do this?
inter unit stock transfer
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Inter-unit stock transfer: use challan declaring VAT paid and no input tax credit, attach purchase bills and seek VAT clarification.
Where registration thresholds are not met, transfer hospital drugs and consumables on a challan stating the goods were VAT paid, are being moved to the transferee's own unit, and that no Input Tax Credit has been availed; enclose photocopies of purchase invoices and obtain clarification from the jurisdictional VAT authorities before transferring across states. (AI Summary)
Where registration thresholds are not met, transfer hospital drugs and consumables on a challan stating the goods were VAT paid, are being moved to the transferee's own unit, and that no Input Tax Credit has been availed; enclose photocopies of purchase invoices and obtain clarification from the jurisdictional VAT authorities before transferring across states. (AI Summary)
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