07 August 2013
AS PER SECTION 6A OF THE CST ACT, FOR BRANCH TRANSFER THERE IS NO CST. THE CONDITION FOR EXEMPTION:
1) SAME COMPANY TO SAME COMPANY IN OTHER STATES 2) PRINCIPAL TO AGENT AND VICE VERSA 3) PHYSICAL MOVEMENT FROM ONE STATE TO ANOTHER STATE 4) FORM F DECLARATION SHOULD BE SUBMITTED BY THE RECEIVING BRANCH 5) STATES RESTRICT FOR THE INPUT AVAILED MATERIAL TRANSFERRED TO OTHER STATES AND HENCE PROPORTIONATE VAT REVERSAL IS TO BE MADE. THERE IS NO RESTRICTION FOR EXEMPTED GOODS.
CAclubindia
