Common warehouse and gst

To satisfy the GST department, you'll need to demonstrate that the transactions between the Public Ltd Co and LLP are legitimate and comply with GST regulations.

Here are some key points to consider: - *Maintain Clear Documentation*: Ensure both entities maintain separate financial records, including invoices, ledgers, and bank statements.

Have a well-documented sale and purchase agreement outlining the terms and conditions of the transaction.¹ - *Establish Arm's Length Transaction*: Demonstrate independent decision-making processes, despite common ownership. Ensure separate GST registrations and filing of returns independently. - *Clarify the Sale and Delivery Process*: Clearly establish the point of sale as the warehouse, where the goods are stored and sold to the LLP.

Maintain records of the shipping process, including cargo movement and export documentation. -

 *Declare the Warehouse as an Additional Place of Business*: If you supply goods from the warehouse, you'll need to declare it as an additional place of business..

When there is transaction of goods between the company and LLP, it is liable to be taxed, despite the fact that there is no physical movement of subject goods.

To satisfy the GST department, you'll need to demonstrate that the transactions between the Public Ltd Co and LLP are legitimate and comply with GST regulations.

Here are some key points to consider: - *Maintain Clear Documentation*: Ensure both entities maintain separate financial records, including invoices, ledgers, and bank statements.

Have a well-documented sale and purchase agreement outlining the terms and conditions of the transaction.¹ - *Establish Arm's Length Transaction*: Demonstrate independent decision-making processes, despite common ownership. Ensure separate GST registrations and filing of returns independently. - *Clarify the Sale and Delivery Process*: Clearly establish the point of sale as the warehouse, where the goods are stored and sold to the LLP.

Maintain records of the shipping process, including cargo movement and export documentation. -

 *Declare the Warehouse as an Additional Place of Business*: If you supply goods from the warehouse, you'll need to declare it as an additional place of business..

Many thanks,Sirs.

While auction price is taken as base ALP, one point is confused. Directors of Ltd Co take hats of Partners in LLP. A total commonality in 2 decision making centers .Then how to demonstrate independence and free of bias. Tax angles of entities may be exposed