Branch trasfer on vat

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dinesh

dinesh (Querist)
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06 August 2013 Please tell me about branch transfer to one state
is .. VAT or CST levied on such goods

RENGARAJ R.K

RENGARAJ R.K (Expert)
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07 August 2013 AS PER SECTION 6A OF THE CST ACT, FOR BRANCH TRANSFER THERE IS NO CST. THE CONDITION FOR EXEMPTION:

1) SAME COMPANY TO SAME COMPANY IN OTHER STATES
2) PRINCIPAL TO AGENT AND VICE VERSA
3) PHYSICAL MOVEMENT FROM ONE STATE TO ANOTHER STATE
4) FORM F DECLARATION SHOULD BE SUBMITTED BY THE RECEIVING BRANCH
5) STATES RESTRICT FOR THE INPUT AVAILED
MATERIAL TRANSFERRED TO OTHER STATES AND HENCE PROPORTIONATE VAT REVERSAL IS TO BE MADE. THERE IS NO RESTRICTION FOR EXEMPTED GOODS.

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