TaxTMI 
TaxTMI 
Input Tax Credit against Stock Transfer from factory to godown
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....nput Tax Credit against Stock Transfer from factory to godown<br> Query (Issue) Started By: - Kaustubh Karandikar Dated:- 19-1-2019 Last Reply Date:- 26-1-2019 Goods and Services Tax - GST<br>Got 4 Re....
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....plies<br>GST<br>XYZ having manufacturing unit at Gujarat and godown in Maharashtra. When the goods are stock transferred from Gujarat to Maharashtra, GST is paid on it being distinct person concept un....
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....der GST provisions and Maharashtra is taking credit of the GST charged by Gujarat. However, since both are same entity, there is no payment made by Maharashtra to Gujarat. Can the GST authorities deny....
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.... the credit to Maharashtra since one of the conditions is payment to be made to the supplier within 6 months? Reply By SHARAD ANADA: The Reply: Refer Rule 37. Reversal of input tax credit in the cas....
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....e of non-payment of consideration.-(1) Provided that the value of supplies made without consideration as specified in Schedule I of the said Act shall be deemed to have been paid for the purposes of t....
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....he second proviso to sub-section (2) of section 16: Reply By YAGAY andSUN: The Reply: Through Book adjustment it would be deemed to have paid. Reply By Mahadev R: The Reply: Agree with Sharad Rep....
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....ly By Ganeshan Kalyani: The Reply: It is deemed that payment is made as per GST provision.<br> Discussion Forum - Knowledge Sharing ....