CIN set up related to Scrap sales process
I have posted a query regarding CIN implementation earlier CIN Implementation relevance & scope
and got quite some info. Thanks for the knowledge share!
I have gone through some posts regarding scrap sales process and understood the process in general but having limited or no experience in CIN set up, I would like to know how relevant CIN when a pharma company sells scrap in the local market? Is the CIN setup for scrap same as finished product?
Any inputs would be very much helpful to understand the efforts.
Many thanks in advance
G Lakshmipathi replied
Officially, Government of India have published a notification in 2014 known as The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2014 and there is no firm notification as of now. Till such time, you continue to work with the existing tax procedure. Remember, if you are in TAXINJ, then you need to migrate to TAXINN since SAP will not support GST implications from TAXINJ.