What is Tax Treatment for a Branch Transfer? How to find the transaction has been legally transacted?. I know that Form 'F' has to be issued for Branch Transfer. How much Form 'F' has to be issued within a F.Y. and who has to issue the same whether the receiver of the Goods or the seller of the Goods. Please reply.
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Branch transfer
Replies (3)
F form should be issue by branch who receive the goods.
Frequency - Monthly but to be submitted to authorities quarterly
Prescribed forms under CST
Following are the forms prescribed under CST (Registration and Turnover) Rules, 1957.
| Form | Descripttion | Frequency |
| A | Application for registration | Once |
| B | Certificate of Registration | Once |
| C | Declaration by purchasing registered dealer to obtain goods at concessional rate | To be obtained for every quarter and submitted on quarterly basis |
| D | Form of certificate for making government purchases (D form cannot be issued in case of sale made to Government on or after 1-4-2007) | No question arises after 1-4-2007. |
| E-I/E-II | Certificates for sale in transit | To be obtained for every quarter and submitted on quarterly basis |
| F | Form by branch/consignment agent for goods received on stock transfer | Monthly, but to be submitted to authorities quarterly |
| G | Indemnity bond when C form lost | When required |
| H | Certificate of Export | Upto the time of assessment by first assessing authority. |
| I | Certificate by SEZ unit | Not specified in rules (but should be submitted before assessment). |
| J | Certificate to be issued by foreign diplomatic mission or consulate in India or the UN Agency | Upto the time of assessment by first assessing authority. |
Prescribed forms under CST
Following are the forms prescribed under CST (Registration and Turnover) Rules, 1957.
| Form | Descripttion | Frequency |
| A | Application for registration | Once |
| B | Certificate of Registration | Once |
| C | Declaration by purchasing registered dealer to obtain goods at concessional rate | To be obtained for every quarter and submitted on quarterly basis |
| D | Form of certificate for making government purchases (D form cannot be issued in case of sale made to Government on or after 1-4-2007) | No question arises after 1-4-2007. |
| E-I/E-II | Certificates for sale in transit | To be obtained for every quarter and submitted on quarterly basis |
| F | Form by branch/consignment agent for goods received on stock transfer | Monthly, but to be submitted to authorities quarterly |
| G | Indemnity bond when C form lost | When required |
| H | Certificate of Export | Upto the time of assessment by first assessing authority. |
| I | Certificate by SEZ unit | Not specified in rules (but should be submitted before assessment). |
| J | Certificate to be issued by foreign diplomatic mission or consulate in India or the UN Agency | Upto the time of assessment by first assessing authority. |
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