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Branch transfer 'F' form taxable?

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Pratik

44 Points Posted on 20 May 2011

WHAT ARE THE CIRCUMSTANCES WHERE TRANSFER OF GOODS BY PRINCIPAL TO BRANCH FROM ONE STATE TO OTHER BY 'F' FORM IS TAXABLE ?

I HAVE COME ACROSS A CASE WHERE ALL THE REQUIRED DOCUMENTS I.E. LR, DELIVERY CHALLAN ETC. ARE ENCLOSED ALONGWITH F FORM BUT STILL STATE VAT IS APPLIED BY THE DEPARTMENT IN CHHATTISGARH

REFERENCE OF ANY CASES WOULD BE HANDFUL.

THANKS IN ADVANCE

Replies (2)

Prakash T c

Executive

153 Points Posted on 09 June 2011

you have issue form F to a register delear only. Form F should accompany with LOGISTICS proff then only it will be taken. other wise it will treated as local sale.

Pl brief the case.

Stock transfer is not sale only tranfer from branch to branch. Assume that If you are removing excisable comodities from bangalore to Pandicherry you have to prepare excise invoice only Excise duty applicalbe no CST to be charged.. Only CST/VAT to be charged sales happend in the Pandichery. Pondicherry Branch(transferee) has to issue a Form F to Bangalore Branch.