Stock transfer

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Deepika.N (Querist)
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12 October 2011 Dear friend,
I have a shop which is a propreitory concern in karnataka. i propose to open a shop in kerala. what formaliies i have to undergo inorder to show that it is my own shop in kerala so that i am not charged CST on stock transfer to my branch in kerala.

please reply

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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13 October 2011 Ms Deepika,
This is transaction covered under CST Act. The stock transfer provision under this Act has been deleted. So you have to register the shop in Kerala also issue invoices charging 2% CST against 'C' form.
MJK

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