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STO

former_member231409
Participant
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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.

Accepted Solutions (1)

Accepted Solutions (1)

reazuddin_md
Active Contributor
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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

Answers (3)

Answers (3)

Former Member
0 Kudos

Hi ,

Stock transfer to a depot donot attract either CST or VAT .

Former Member
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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

Former Member
0 Kudos

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.