Branch stock transfer

Dear Mr. Ajay Gupta.

You can transfer publicity materials to one branch to another branch but you have to make seperate challan for promotional material and make a self declaration for THERE IS NO COMMERCIAL VALUE and ONLY FOR INSURANCE PURPOSE VALUE Is RS>.............

In Indore Road Permit is essential for Transfer of Promotional Materials but another state not essential .

For this purpose you can not issue a TAX/Retails Invoices because you are  not selling the said product to another and its  commercial value is nil and also you have not received any consideration for this.

If you have any query please revert back.

Thanks with Regards,

Binod Kr. Sinha.

Opinion of Mr Binod Kumar Sinha is right

Suppose an unit is manufacturing & trading Oxygen Gases.  It has 2 branches in India.  One in Mumbai and another one is Kolkata.  Now the Kolkata Unit needs 2 Oxygen Cylinders for its own use and it advises Mumbai branch to make a branch transfer.  The Mumbai Unit send 2 Oxygen Cylinders to Kolkata Unit. 

Now because the Cylinders were not used for trading purpose and only for own use, the Kolkata Unit refuses to issue any F Form to Mumbai Unit.  Is it valid?  Please advise.

when a stock transfer is made the purpose is immaterial kolkatta unit must give F Form to Mumbai unit

Dear Mr. Sivaram,

Thank you for your reply.  Is there any specific rule or case law regarding the same.  It would be very helpful for us.

Regards.

Mr Majumdar.

I am not an expert it is generally understood when an interstate stock tansfer is made the receiving unit should give F form to the sending unit and i dont have any case law to support the same.I think there is one expert I Think he is Mr Ram Avtar Singh in expert column just post this and get his views immediately

Dear Mr. Sivram,

Thank you once again for your reply.

Actually our logic is, there are 4 (now 3)  types of declaration form in Sales Tax. C, D, E,F.  In case of nonissuance of C form we shall have to pay additional tax, For D form (now it is withdrawn), we also have to pay the additional tax amount if not received from the Govt., E form is also used for Subsequent Sale & if we fail to submit we have to pay full tax on the Sale value, which charged to the customer @ 0%.

Now, if we fail to submit the F Form, then what will happen?

As per Invoice & LR it is clearly shown that the goods moved from one branch to another branch and a company can not sale to himself.  Hence the authority should not charge any VAT or CST against such movement.  But what they can?  If  receiving branch sale that goods they can treat that sale as a sale of the transferree branch (Mumbai) & claim tax from them.

There should be some specific rule or act on it, otherwise a departement can not waste its stationery unnecessarily.  However we thank you for your valued reply & expect to get the same in future as per our requirement.

Best Regard

which form to be submitted for branch stock transfer under KVT, withen state

Stock transfer cannot be processed within state if we want to  stock transfer within state it could be done
upon "delievery challan"

With Regards,

Binod Kr. Sinha

how to find & pay vat form  one company to unother branches sales & credit or return sales.

In Stock Transfer what will be producer to do ,

What i have maintain the record for Stock Transfer ,

Please give me reply.

Dear all,

I have a question our company has two unit one is manufacurer & other is warehouse

we make a Invoice against stocker transfer with excise duty. if our material is rejected on our warehouse

then what is the procedure of central excise for material comming back to main unit

and other thing if we have received our material from warehouse then Form F is required or not

Anil Tiwari

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