How does stock transfer work?
I'm trying to understand the process of stock transfer. Could someone explain how it works, including any necessary steps or requirements for completing a stock transfer?
What is stock transfer in GST?
Stock transfer in GST refers to the act of moving goods from one plant or branch to another, which may be intra-state or inter-state. It involves creating a stock transport order (STO) that contains details like delivery costs, vendor information, and stock type of both issuing and receiving plants. This process is crucial for GST compliance as it affects tax calculations and reporting.
What are the charges for stock transfer?
Could you please elaborate on the charges associated with stock transfers? Are there any upfront fees or are the costs dependent on the number of shares being transferred? Additionally, do these charges vary across different stock exchanges or brokerage firms? Clarifying these details would help us better understand the financial implications of stock transfers.