Sir, We are manufactruing unit & algo register under VAT & CST we have several branchs in india. I want to know can we send the trading item as stock transfer to our branch against form F or otherwise how we can treated this.Please guide us.
Stock Transfer against form 'F' is exempted for tax. It is treated Sale as Stock transfer i return and tax will be submitted against this transfer. Form F issue on monthly basis and timely submitted at Head office (Sales tax) Form f issued from Branch to Head office. So where the branch is situated that Local Sale tax issued the Form F Sales Tax Return Procedure
1 At Head office: It treated as Sales Against Form F tax exempted 2 At Branch Office : it is treated as Purchase (Stock Inward from Head Office)