Vat invoice amount

Madhu (Tax Consultant) (31 Points)

12 February 2017  

1. What amount to be mentioned in the invoice  as the value of the item, if transferred to 1) other branch in same state , 2) other branch in different state. (It is against F Form if transferred to branch in different state)

2. Should the value of the item transferred be nil or cost value in the invoice? 

3. CST (inter state branch transfer) / VAT (transfer within state) would be mentioned as nil? ( being inter-branch transfer )

Thanks in advance