stock transfer
This query is : Resolved
rajesh kumar
(Querist)
24 June 2011
please help me about in stock transfer procedure, my head office situated in Delhi and open a new branch in noida so plz tell me how i will maintain this in books as well as in return.and what form will applicable.
also tell any tax applicable in stock transfer ( vat or sale tax)
also tell any tax applicable in stock transfer ( vat or sale tax)
MJ Krishnamurthy
(Expert)
24 June 2011
Mr Rajesh Kumar,
Your HO is in Delhi and noida is in U.P..You have to take a regn under UP VAT Act.You can send the goods using official delivery forms isued by the Delhi VAT Dept or your own DCs approved by the VAT dept. On receiving the goods the noida branch has to send you the CST 'F'forms issued by the concerned VAT office. No tax is applicable for the stock transfers.
MJK
Your HO is in Delhi and noida is in U.P..You have to take a regn under UP VAT Act.You can send the goods using official delivery forms isued by the Delhi VAT Dept or your own DCs approved by the VAT dept. On receiving the goods the noida branch has to send you the CST 'F'forms issued by the concerned VAT office. No tax is applicable for the stock transfers.
MJK
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