on 11-23-2010 5:09 AM
Hi friends,
I want to do STO,that is from Manufacturing plant to depot(from GOA to Bangalore).here i will do sto that is with SD delivery but without pricing.if i will do without pricing then on what basic i will pay the CST to Govt.
PLZ reply soon.
Hi,
in STO- business is transferring their own stock from one location to another location which doesnt need to pay any taxes to Central Government.
In India, while transporting - they should have proper documentation stating that the particular consignment is internal purpose & invocie copy ( proforma ) should be mentioned as STOCK TRANSFER.
Ownership is not going to change in this case, so there wont be any taxes.
Regards,
Reazuddin MD
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Hi ,
Stock transfer to a depot donot attract either CST or VAT .
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HI
Normally for STO's from Plant to Depot you have to only Excise Duties and Sto's doesn't attract any sales taxes.
So in your pricing procedure you should have BED,EDU CESS & SHE cess
regards
Prashanth
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When creating a stock transfer po system will determine the valuation price from the material master, you need to calculate the tax on that prce.
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