Registration

[MITSUI PRIME ADVANCED]

Dear Sir,

what will be process under GST , if we are going to Registration for Trading Goods in Current Manufacturing Premises,

Raw Material will be same for Trading ,as currently using for manufacturing in Plant ,

Arjun Sachdeva

Neemrana

Cell NO. 9928158547

[KASTURI SETHI]

GST is leviable on 'supply'. It makes no difference whether it is supply of goods or services. Your raw material is also goods. You are to take care of correct rate of GST whether it is services or goods. it is natural that proper accountal f goods on daily basis is requirement of GST law.

AI Summary

GST on supply applies to trading raw materials from a manufacturing premises; ensure correct rates and daily inventory accounting.
GST applies to supply irrespective of whether the transaction is trade or part of manufacturing operations. Raw materials moved or sold are goods for GST purposes and must be classified to the correct GST rate. Practical compliance requires systematic accountal of stocks and transactions, including daily inventory records and accurate invoicing, to ensure correct rate application and tax reporting when goods are supplied from the manufacturing site.