Stock transfer under cst
vinod raina
(Querist) 16 August 2014
This query is : Resolved
We are in the business of manufacturing of industrial chemicals. Our company wants to open Depots all our India. We have manufacturing plant in Dadar and Nagar Haveli. My query is
(1) What are the Documentation requirement - Material movement from factory to the depot, documents to be maintained at depot and documentation for material movement from depot to customers.
M V Gupta
(Expert) 18 August 2014
Important documents are- 1.All ur depots are to be registered under the CST/central excise Acts; 2. while moving the goods from ur factory to the depots u have issue stock transfer invoices, to avoid levy of CST on them. 4. All depots may have to be registered with the local sales tax authorities. 5. Maintain records/registers as per the requirement of the local sales tax Act. Seek the guidance of tax consultants for more details.
T. Kalaiselvan, Advocate
(Expert) 22 August 2014
It is better to contact a local consultant, discuss with him at length and proceed as per his advise.
