PRE DITERMINE SALES (STOCK TRANSFER TO BRANCHES)
Querist :
Anonymous
(Querist) 25 November 2009
This query is : Resolved
HELLO SIR
WE R MANUF. AND SENDING STOCK FROM U.P(FINISHED GOODS)TO OUR BRANCHES .NOW UP STO WANTED TO TAX UNDER LOCAL VAT. F- FORMS RECD FROM ALL BRANCHES . ACTUAL SUPLLY WERE MADE. BUT SALES MADE FROM BRANCHES ONLY TO 2/3 CUSTOMERS AFTER RECIEVING THE .PO. ON BRANCHES. IS IT OK ? WHAT WE CAN PROVIDE TO THEM SA PROVE THE STOCK TRANSFER. ANR COURT REF.PLS HELP US
APARNA NANDAKUMAR
(Expert) 24 February 2010
Your gist of facts is vague on certain aspoects. Who made the actual supply of goods ;your branch in that State or was there a direct movement of goods from U.P. to purchasers in other States? If the goods have moved by way of stock transfer to your branch against Form F declarations, it is alight. The local VAT can be charged only on the sales made by your branches to the purchasers in that State.
