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CST STOCK TRANSFERE

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 January 2011 A Limited company is having four divisions at 4 diferent states. Whether stock transfer of goods from one division to another division amounts to sale or exempted against form F of CST ACt.

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CA B.S.Sridhar

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CA B.S.Sridhar (Expert)
18 January 2011 Stock transfer within the same entity will not be considered as sale. But the Form F needs to be obtained from the receiving branch.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
18 January 2011 Can transfer on the strength of F form as per section 6A(1) of the CST Act read along with rule 12(5) of the CST(R&T)Rules.
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
19 January 2011 will not be considered as sale if the transaction are with Form F

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