Query relating to stock transfer

410 views 1 replies

Dear Sirs/Madam,

 

My Client has a branch in Bangalore in which they are replacing the defective products to its customers only if the product is covered under warranty at free of cost. the goods which are used for replacement are recevied from HO (mumbai) and such scrap items are sent back to HO for Re-Manufacturing Purpose.

 

My Question is 

1. whether Goods receive from HO for replacement to be Declared in VAT 100?

2. Whether Goods sent back to HO (ie., Scrap items) should be declared in VAT 100?

3. Whether form F is Applicable in this case?

4. is any other statutory Forms are applicable?

5. if we have to declare the same in which colum to be shown?

Replies (1)
1-yes under the head stock transfer 2-if same month received and send back u can deduct directly. Otherwise show saperately 3-yes 4-no 5-as explained above


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