Retention for branch transfer

Dear Forum,

If we purhcased raw material from out of Maharashatra also purchased some material from maharashtra and processed it in Maharashtra and again sold to our Hariyana branch (Branch Transfer) then any retension applicable? 

Replies (1)

Dear Rahul

yes the retention would be applicable since you are stock transferring the goods to your own business . Also you need to obtain F FORM from the receiving branch.

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