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Taxability of Inter State stock Transfer under GST

Goods and Services Tax - GST - By: - Balasubramanian Natarajan - Dated:- 4-11-2016 Last Replied Date:- 4-11-2016 - Presently interstate Stock transfers are not taxable under CST on submission of duly completed Form F. CBEC in their FAQ has clarified .....

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n if there is no consideration. However, intra-state self-supplies are not taxable. Q 6. Whether supplies made without consideration will also come within the purview of Supply under GST? Ans. Yes only those cases which are specified under Schedule I .....

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s such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business, (b) importation of service, whether or not for a consideration and whet .....

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be treated as a supply of goods or a supply of services. SCHEDULE I MATTERS TO BE TREATED AS SUPPLY WITHOUT CONSIDERATION 1. Permanent transfer/disposal of business assets. 2. Temporary application of business assets to a private or non-business use. .....

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upply of goods by a registered taxable person to a job-worker in terms of section 43A shall not be treated as supply of goods Second proviso to Section 9(1) of Model CGST/SGST Law is as under Provided further that a person who is required to be regis .....

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ate value of all taxable and non-taxable supplies, exempt supplies and exports of goods and/or services of a person having the same PAN, to be computed on all India basis and excludes taxes, if any, charged under the CGST Act, SGST Act and the IGST A .....

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PAN number is clubbed together all purposes such as: For Registration - For determining threshold limit For Composition Scheme Supply has been defined to cover in its scope only when it is for consideration with the exceptions provided therein, One s .....

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axable or nontaxable person in the course or furtherance of business. It comes in to play only when the supply is by one Taxable person to another taxable or non taxable person. This makes it abundantly clear that person supplying and the recipient a .....

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