TaxTMI 
TaxTMI 
TaxTMI 
Movement Between same GST Units
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....ovement Between same GST Units<br> Query (Issue) Started By: - JOHN SHANNEL Dated:- 4-9-2024 Last Reply Date:- 10-9-2024 Goods and Services Tax - GST<br>Got 6 Replies<br>GST<br>Hello friends, Our organization has 2 units which is 500 meters apart and has same GST number. While transferring inventory between the units, do i need to raise delivery challan as per rule 55 and show taxable value, tax ....
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....rate and tax amount. Please clarify. Reply By Ganeshan Kalyani: The Reply: Yes, Sir, you will have to raise delivery challan. As regard tax rate and amount, it is shown on DC as a general practice, otherwise law requires to mention tax only when there is a supply. Reply By KASTURI SETHI: The Reply: Here is legal backing in support of the reply of Sh.Ganeshan Kalyani Ji. FAQ dated 31.7.2017 i....
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....ssued by Board. Question 15 : Which is the document required to be issued by the Registered Person for supply of goods from one premises to another premises under the same registration number? Answer : In terms of Rule 55(1)(c) of the CGST Rules, 2017 such movements have to be effected under the cover of a delivery challan along with any other document that may be prescribed in lieu of the ....
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....e-way bill. Reply By JOHN SHANNEL: The Reply: Thanks for the clarification, I am confused with the below clause, where it says tax rate and tax amount is required to be mentioned only in case of supply to consignee. In my case since sender and receiver are same GST consignor and consignee are same ( my interpretation). Please clarify. (vii) tax rate and tax amount - central tax, State tax, inte....
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....grated tax, Union territory tax or cess, where the transportation is for supply to the consignee; Reply By KASTURI SETHI: The Reply: There is nothing to worry about. The reply of Sh.Ganeshan Kalyani Ji is very much clear. When no supply is involved, why to worry about rate of tax and amount of tax. You want to store the goods and not to sell/supply the goods. For your satisfaction, you can ment....
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....ion the rate of tax (purchase) and amount (purchase). Reply By Shilpi Jain: The Reply: Delivery challan is also a document to update your inventory position at each location. So any movement should be backed up by a document which is DC is the present case Reply By Padmanathan KV: The Reply: agree with views of experts. DC need not mention tax.<br> Discussion Forum - Knowledge Sharing ....