Form f

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shalin (Querist)
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20 November 2013 hi, is form f is required to be issue in case of intra state transfer if not why?if yes, is because vat credit can be availed?

Ram Avtar Singh

Ram Avtar Singh (Expert)
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20 November 2013 F form required for stock transfer- F form is required to be produced as proof of stock transfer. As per section 6A(1) submission of F form is mandatory to prove stock transfer. Otherwise, the transaction will be treated as sale for all purposes of CST Act.

F Form is issued by the branch office/consignment agent receiving goods as branch/stock transfer to its head office/principal who is sending the goods by way of stock/ branch transfer. The H.O./Principal produces such F forms to its assessing authority to prove such stock/branch transfer.

Tushar Desai

Tushar Desai (Expert)
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20 November 2013 yes, agreed with Expert. In many cases, Companies keep their Depot / Branches in other states. Then, they transfer stocks from main production house to these Depots & maintain Stocks there. In these kind of cases, Depots have to issue Form F to Main Production Center.

CA Chandra Kishore Bajpai

CA Chandra Kishore Bajpai (Expert)
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22 November 2013 pls read carefully .query is for "intra state transfer" not "inter state "state transfer.
in intra state there is no need of Form F.

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Ram Avtar Singh

Ram Avtar Singh (Expert)
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23 November 2013 yes you are right. no form on within state stock transfer.

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shalin

shalin (Querist)
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19 January 2014 thank you all but there is another thing i want to know suppose head office purchases goods and pays vat @4% say goods is of rs 100 ie it will pay rs 104 to the seller and rs 4 will remain as vat credit now it transfers the good to its branch located in another state and issues form F and that branch sells goods at rs 106 paying say rs 5 as vat now can the branch claim vat credit of rs 4 which is still standing on account of HO?? or HO will get refund of vat credit??

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