Dear All,
Company A, Registered at Kerala having branches at Mumbay and major cities. The branches are situated for distribution against orders developed in the market. Company A tranfers goods with Stock Transfer Note without tax collection. The branches against their orders sales the goods and balance if any returns to Head Office at various intervels.
My Question is
What is the tax structure in side kerala and out side
Can get any tax credit for the sales tax collecting from last point of sales
How to avoid the payment of tax or minimum tax. Since the company is just started and this tax plays a major cost implement for pricing.
Regards
Suresh Babu
CAclubindia
