What are the Goods and Services Tax (GST) accounting procedures for goods that are consumed or given away, which were not returned to the approved warehouse?
In general, a customs payment permit is required for the release of goods deposited in licensed premises for consumption in Customs Territory (CT).
Related questions
What should I do if I did not return the goods to the approved warehouse after the events?
Our company sells equipment parts to local companies. Our supplier is in overseas. Can our local customers directly import the goods from our overseas supplier themselves after we have sold them the products?
Do I need to pay GST for goods moved under the Bonded Truck Scheme?
What activities are permissible within a Customs licensed premises (such as zero-GST warehouses or licensed warehouses)?
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