F-forms in vat

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What is Form-F in VAT and when is it Raised?

Is there any Time limit for the same?

Thanks in advance

 

Replies (3)

F-Form is used for stock transfer..when a company transfer its goods to its branch F-Form is issued so that it cannot be considered as a sale and tax is not leviable..the time limit for submission of F- Form by the end of next qtr..

Hi Bharghav Teja

F form required for stock transfer- F form is required to be produced as proof of stock/Branch transfer(Stock Transfer from one Branch to another Branch situated in other state). As per section 6A(1) submission of F form is mandatory to prove stock transfer. Otherwise, the transaction will be treated as sale for all purposes of CST Act.

F Form is issued by the branch office/consignment agent receiving goods as branch/stock transfer to its head office/principal who is sending the goods by way of  stock/ branch transfer. The H.O./Principal produces such F forms to its assessing authority to prove such stock/branch transfer.

One Form F has to be filed in one month.

Hi Bharghav,

F form required for stock transfer- F form is required to be produced as proof of stock transfer (Transfer b/w 2 branches situated in different States). As per section 6A(1) submission of F form is mandatory to prove stock transfer. Otherwise, the transaction will be treated as sale for all purposes of CST Act. F Form is issued by the branch office/consignment agent receiving goods as branch/stock transfer to its head office/principal who is sending the goods by way of stock/ branch transfer. The H.O./Principal produces such F forms to its assessing authority to prove such stock/branch transfer.

One Form F has to be filed for one month.


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