branch transfer
This query is : Resolved
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?
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.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- GST ON DAMAGED GOODS
- Suggestions required for income tax filing-software (FY 2025-26)
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Loan by Partnership Firm
- Taxation on LTCG for property sold after 24JUL2024
- TAN for Partnership
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
