TaxTMI 
TaxTMI 
Raw Material As such inter Unit Dispatch
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....aw Material As such inter Unit Dispatch<br> Query (Issue) Started By: - pareshbhai vasava Dated:- 11-8-2015 Last Reply Date:- 12-8-2015 Central Excise<br>Got 4 Replies<br>Central Excise<br>Dear Sir, We have purchased raw material from regular vendor. Said material as such we want to transfer our inter unit. If we generate invoice what about 2% CST is applicable to us ? What is rules As such Ch....
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....emical Material ? your quick reply is highly appreciated. Thanks & Regards Paresh Vasava Reply By Arun Kumar Singh: The Reply: Both units are the same owner then you can transfer the goods on challan otherwise cenvat credit can be disallowed. Reply By YAGAY AND SUN: The Reply: Dear Paresh, Registration Certificate Numbers under C.E. provisions for both the units would be entirely differen....
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....t for both the units even under same Management. Further, it the units are located in different States, then, their TIN would also be different. It is advisable to issue an Invoice for removal of inputs as such and pay the duty accordingly or reverse the proportionate CENVAT credit as the case may be. If transferring the stock to other unit then Form F would be applicable under CST Provisions, pro....
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....vided it does not tantamount to pre-conceived sales. Regards, YAGAY and SUN (Management, Business & Indirect Tax Consultants) Reply By Karthik Kumar N: The Reply: Dear Pareshbhai First let me introduce my self my name is Karthik recently joined to this forum Yes below answered by Mr Yagay is correct If you are transferring excise able raw material to your inter unit than you have to clea....
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....r it under excise able invoice only & pass on the duty same what extent you have taken credit in your present unit and in Invoice you can mention as "Input Cleared as such" and if your an assessee under Large Tax Payer Unit than there is no need to pass on because under LTU scheme you have an facility of removing of inputs & Capital Goods from one unit to another without payment of duty....
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..../reversal of cen vat credit. And regarding to CST CST will applicable only if you sell the goods to interstate but here you are transferring material from your one unit to another unit which is located in another state, hence CST is exempted against Form "F " you have to collect the form F from your interstate unit towards the material transferred (In invoice u can mention as Branch T....
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....ransfer only not for sale & CST exempted against form F) Rgds Karthik Reply By YAGAY AND SUN: The Reply: Dear All, YAGAY and SUN is our firm's name. YAGAY means Vedic Holy Fire and SUN represents here the God Sun, which gives light and heat to the entire world. There is no Mr. YAGAY in our Consultancy Firm. We are a team of Professionals who looks after Tax/Business/Management related ma....
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....tters. Four years back when we were searching a unique name for our consultancy firms and our search ended with the name of one of ours' colleague son's name. YAGAY=Vedic Holy Fire, SUN=The Hindu God of light/heat and life. This is for your kind information. Thanks & Regards, YAGAY and SUN (Management, Business & Indirect Tax Consultants)<br> Discussion Forum - Knowledge Sharing ....