What is stock transfer? for ex: if i purchase a product in
chennai and i tranfer it to our branch which is in
bangalore. shall the blr office can bill the product to
their customer in blr.(purchse frm chennai and bill in blr
office is possible?
Answers were Sorted based on User's Feedback
Answer / vikash verma
Stock transfer means transfer of stock/goods from one unit
of the concern to its another unit. e.g. A steel trading
concern based in chennai transfers 1000 MT steel sheets to
its secunderabad branch can be understood as stock transfer.
In the above case it is possible to purchase from chennai
and bill in banglore. For that purpose stock should be
transferred through a tax invoice from chennai to banglore.
|Is This Answer Correct ?||23 Yes||7 No|
Answer / alkesh b. kukadiya
Stock transfer means trasfer of goods/stock from one
unit/branch to another.
ya banglore office can raise bill in the name of his
customer provided that chennai office transfer stock to
banglore office by issuing tax invoice.
so, in brief, if one unit issue tax bill to another unit
for stock transfer then another unit can raise bill on his
customer while selling the same goods.
|Is This Answer Correct ?||8 Yes||2 No|
Answer / senthil kumar
chennai office will bill to you. and you need to pay for
that. once you transfer that good to banglore office and
sold to your customer banglore office has raise the bill.
|Is This Answer Correct ?||9 Yes||4 No|
Answer / harish
Stock transfer indicates transfer of stock between branches of
a concern. Definitely possible, provided the previous must be
an inter-branch sale.
|Is This Answer Correct ?||2 Yes||7 No|
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