stock transfer is taxable
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 November 2009
HELLO SIR
WE R MANUF. AND SENDING STOCK FROM U.P(FINISHED GOODS)TO OUR BRANCHES .NOW UP STO WANTED TO TAX UNDER LOCAL VAT. F- FORMS RECD FROM ALL BRANCHES . ACTUAL SUPLLY WERE MADE. BUT SALES MADE FROM BRANCHES ONLY TO 2/3 CUSTOMERS AFTER RECIEVING THE .PO. ON BRANCHES. IS IT OK ? WHAT WE CAN PROVIDE TO THEM SA PROVE THE STOCK TRANSFER. ANR COURT REF.PLS HELP US
WE R MANUF. AND SENDING STOCK FROM U.P(FINISHED GOODS)TO OUR BRANCHES .NOW UP STO WANTED TO TAX UNDER LOCAL VAT. F- FORMS RECD FROM ALL BRANCHES . ACTUAL SUPLLY WERE MADE. BUT SALES MADE FROM BRANCHES ONLY TO 2/3 CUSTOMERS AFTER RECIEVING THE .PO. ON BRANCHES. IS IT OK ? WHAT WE CAN PROVIDE TO THEM SA PROVE THE STOCK TRANSFER. ANR COURT REF.PLS HELP US
Ram Avtar Singh
(Expert)
25 November 2009
at the time of sale by branch office Tax invoice to be issued.
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