Stock transfer against form-f
Sujit Debnath
(Querist) 03 September 2015
This query is : Resolved
Dear Sir,
I have query, kindly advise.
Customer Location: Noida, Uttar Pradesh
Material: Polymer grade 123 Black
Qty. 50 -60MT
Trader(seller) Head office Location: Gurgaon, Haryana
Current status: We buy material from manufacturer at Basic+ Excise+ CST, and sell to customer at Basic + Excise +2% CST.
Customer place order once in a month 50-60mt with 10mt each schedule, we supply 10mt each time throughout the month.
Note: there is no other customer for us in Noida/ Uttar Pradesh. Single customer and single grade material.
Proposal: To save 2% CST, customer want us to open warehouse in Noida.
Transfer Stock from Gurgaon to Noida against “Form F” and invoice them against VAT .
The question:
Is it legal to make stock transfer and sale against VAT for predetermined customer, grade of material and qty.?
How to proceed for opening ware house?
If any one guide me, will be grateful.
Regards
Sujit Debnath
Rajesh Kumar
(Expert) 12 September 2015
Stock Transfer is not legal in case of pre-determined customer.
Sujit Debnath
(Querist) 14 September 2015
Thank you Rajesh sir for your advise and clear my doubt.