tax on stock transfer

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Asheshwar Das

Asheshwar Das (Querist)
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17 May 2009 Is there tax on stock transfer to another state

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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18 May 2009 No , There is none.

Manoj Sharma

Manoj Sharma (Expert)
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18 May 2009 There is no tax on stock trf. but in case of Delhi if you have purchased goods in Delhi than you can will have to leave 4% input tax credit on goods purchased.

Anoop Garg

Anoop Garg (Expert)
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18 May 2009 Dear A Dass its very good query.

One has to 'Reverse VAT'equivalent involved in purchase of items used in stock transfer.If clear co - reation don't exist then proportionately.