For vat rules from transfer of stcok from utter pradesh to m

This query is : Resolved

CA Rahul Pandey (Querist)
Follow

13 July 2012 my clint produced rice in utter pradesh and if he is opening a branch in mumbai and transfer goods to maharashtra branch

is tahat transfer of goods is chargable to mvat if yes what are the procedure and where to submit form H

RENGARAJ R.K

RENGARAJ R.K (Expert)
Follow

13 July 2012 This is only a stock transfer and therefore it does not attract any tax in U.P or in Maharashtra. After transfer to mumbai, you have to check the rate of tax or exemption available to your commodity viz.,rice when you sell in maharashtra. The transaction will have to be covered by Form F and not Form H. Please note when you take RC in Mumbai, the name of the firm should be one and the same that of U.P to be treated for Stock transfer.In your CST RC the other state branch has to be incorporated in both states.

Message likes : 1 times

CA Rahul Pandey

CA Rahul Pandey (Querist)
Follow

13 July 2012 its exempt goods in Maharashtra. i wl make transfer from up to Maharashtra and then i will be selling the goods in maharashtra.

what provision will apply and what i should do please reply sir

Upgrade to CAclubindia Pro. Subscribe Now!