Branch transfer under cst act
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 September 2015
Hi Everyone,
Suppose Company named A bags a Government contract to be executed in a state other than the State in which the Company is registered. The Company opens a branch office in the state and gets it registered under Local VAT and CST Acts. Now the Company makes Sale Transactions to the Branch Office Whether this Transaction would be Considered as a Branch Transfer ? The Goods are going to be sold to Specific Buyers i.e. Govt and the Material is being delivered directly to site .
Hi Everyone,
Suppose Company named A bags a Government contract to be executed in a state other than the State in which the Company is registered. The Company opens a branch office in the state and gets it registered under Local VAT and CST Acts. Now the Company makes Sale Transactions to the Branch Office Whether this Transaction would be Considered as a Branch Transfer ? The Goods are going to be sold to Specific Buyers i.e. Govt and the Material is being delivered directly to site .
08 September 2015
if company routing it thru Inter branch transfer i.e. invoicing in name of branch and susequently billing it to main buyer then yes it must be treated as BT.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
09 September 2015
Thanks Sir for the Reply.
Could be pls share any article on the same .
Could be pls share any article on the same .
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