branch transfer
This query is : Resolved
MOHIT SAINI
(Querist)
09 July 2010
when we transfer salable goods as branch transfer within the same state then what is the tax treatment of that transfer?weather it is taxable in the hand of transfer er or it is taxable in the hands of transferee?
CA BIREN SHAH
(Expert)
09 July 2010
in case of branch transfer vat is not chargable under form F
09 July 2010
Sale is within the State.
It is in the nature of Branch transfer.
So See first, who is liable to raise Sales Invoice ?
Conceptually Sales Tax liability is on the person who actually issues sales Invoice.
Basically There is a Difference between Branch Transfer and Consignment transfer.
So Sales tax is on that party (Transferor or Transferee) who issues sales invoice.
It is in the nature of Branch transfer.
So See first, who is liable to raise Sales Invoice ?
Conceptually Sales Tax liability is on the person who actually issues sales Invoice.
Basically There is a Difference between Branch Transfer and Consignment transfer.
So Sales tax is on that party (Transferor or Transferee) who issues sales invoice.
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