Branch transfer journal entries

Dear Members

Please consider following situations.

1. Interstate purchase of goods AGAINST Form C Rs. 10000. CST rate applicable obviously is 2%. Now we transfer all these goods to our branch in OTHER state.

    

2. Interstate purchase of goods AGAINST Form C Rs. 10000. CST rate applicable obviously is 2%. Now we transfer all these goods to our branch in OUR state.

    

3. Interstate purchase of goods WITHOUT Form C Rs. 10000. CST rate applicable will be VAT rate in the state of seller say 12.5%. Now we transfer all these goods to our branch in OTHER state.

    

4. Interstate purchase of goods WITHOUT Form C Rs. 10000. CST rate applicable will be VAT rate in the state of seller say 12.5%. Now we transfer all these goods to our branch in OUR state.

    

5. Local purchase of goods Rs. 10000. VAT rate applicable in our state is 12.5%. Now we transfer all these goods to our branch in OUR state.

    

6. Local purchase of goods Rs. 10000. VAT rate applicable in our state is 12.5%. Now we transfer all these goods to our branch in OTHER state.

    

   I know what will be the entries at the time of purchase in all above 6 cases.

   What I need to know is what will be the entries at the time of branch transfer in all above cases and how will we deal with the CST/VAT (paid on these goods at the time of purchase) during branch transfer.

I belong to Punjab and the relevant Act is Punjab Value Added Tax Act, 2005.

Thanks in advance.

Shivani

shivaniadream @ gmail.com