Form - F

1815 views 4 replies

Hello All,

We are Importers of Liquid Coatings, located in MUMBAI -

We've appointed a Dealer(CSA) in Delhi and would like to send the material under FORM-F as "STOCK TRANSFER"

I understand the applicability of Sec.11(3)(b) of VAT Act, 2003 regarding 4% payable on goods used as Raw Materials for such Stock Transfer...

Since the Products (Liquid Coatings) are IMPORTED and not Purchased/Manufactured from/in India; still whether we will have to pay 4%  ????? while transfering the goods to Delhi or to any other CSA

Thanks in Advance.

Rajeev

 

 

 

 

 

 

 



Replies (4)

Sales / transfer to dealer is not covered under form F

form F is to be used for own branch transfers only. 

in your case you have to pay CST either in full rate or 2% against form C

Dear SharmaJi,


Thanks for the reply- I take back the word "DEALER" it is actually a CSA and working as our representative under an agreement. So basically we are transfering our stock from Mumbai to Delhi--

It is possible to transfer the goods to an agent besides own branch under FORM-F, I am clear on this. The query is whether such transfer of Imported goods will be liable for reversal of 4% Tax (of Set-Off) since in-case of Imported goods the concept of INPUT SET-OFF is not there....



if such branch or CSA is included in your registration of VAT/CST, then only you can get benefit of stock transfer, otherwise it would be interstate sales, and govered by CST rules only.

Dear Rajiv,

there is no need to pay tax in regard with stock transfer. you can import all the purchases and the stock can be moved by the way of stock transfer. there is no need to pay tax.

Form F can be availed from the department form both the side.

Originally posted by : Rajeev Nair

Dear SharmaJi,



Thanks for the reply- I take back the word "DEALER" it is actually a CSA and working as our representative under an agreement. So basically we are transfering our stock from Mumbai to Delhi--


It is possible to transfer the goods to an agent besides own branch under FORM-F, I am clear on this. The query is whether such transfer of Imported goods will be liable for reversal of 4% Tax (of Set-Off) since in-case of Imported goods the concept of INPUT SET-OFF is not there....






 

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