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Double taxation

Sunil Tripathi (Others) (31 Points)

01 November 2012

hello ,

co. ABC is registered uner vat tin in maharashtra and ABC also have branch office in uttar pradesh .

If abc wants to transfer goods from maharashtra to its branch in UP , how it is possible .

will abc have to pay VAT in UP also ?? How to overcome this double taxation policy .

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5 Replies

RAJ KUMAR BHANDARI (FINANCE) (165 Points)
Replied 02 November 2012

Dear Sunil,

You can transfer goods to your branch office(U.P.), but U.P. office should be registered in UP VAT, and then U.P. office issue a monthly form F to your maharashtra office against the receipt of goods during the month.

Thanks

Deepak Dargad (Chartered Accountant....) (9787 Points)
Replied 02 November 2012

That goods transfer against Form F. U have to register ur U.P. Office as a branch in U.P.

Then you transfer your goods without any tax to UP branch and then it get sell from UP with the Vat rates of UP

It is also known as consignment or stock transfer

CA Anurag Sulodia (Chartered Accountant) (250 Points)
Replied 02 November 2012

Whenever goods are transfered from one branch to another it does not attract Vat liability if FORM F is issued by the branch for the same.

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RAJ KUMAR BHANDARI (FINANCE) (165 Points)
Replied 02 November 2012

""
Originally posted by : CA Deepak Dargad
	That goods transfer against Form H. U have to register ur U.P. Office as a branch in U.P. Then you transfer your goods without any tax to UP branch and then it get sell from UP with the Vat rates of UP It is also known as consignment or stock transfer