dear users
kindly tell me how to account for stock transfer under karnataka vat act ?
is this also taxable now in the light of judgement of karnatak a high court?
Menu
Stock transfer
Replies (3)
Whenever there is a stock transfer form one registered dealer to another within the same state, without any form then VAT will be attracted on the same. Also when there are transfer of goods from one state to another without F-Form there will be VAT on the said transfer. Hope it clarifies the issue.
i was wanting to know if it is treates as sale and taxable
If F Forms are not produced to the department, then it will be considered as sale.
Recent Threads
- Transmission of deceased's shares in physical form
- Shall I pay GST payment for unkonwnly cancelled in
- Error in GSTR1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
Related Threads
CAclubindia
