kota (cmd) (32 Points)
31 December 2010Dear Sir,
I am a VAT registered dealer from bangalore city, and I have obtained IEC code from DGFT, bangalore. I have imported a commodity and it has landed at my nearest port - chennai port.
I have opened a branch of the same company in chennai and I want to make local sales at chennai city. Can I make invoice from bangalore firm for interstate stock transfer to chennai branch against Form F, and can I assume that I dont have to pay CST of 2%?
I'd really appreciate anyone's help here ....
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 31 December 2010
if the branch is at chennai and goods are imported at chennai itself ( not transfered to bangalore) then get vat registration at chennai and sale as per chennai vat rules, for interstate transfer physical movement is required.
kota
(cmd)
(32 Points)
Replied 31 December 2010
Dear Sir,
I Thank you for your reply.
after i have imported the commodity to chennai and sold half of the commodity in chennai branch as per TN VAT rate then can i transfer remaining half of the commodity to bangalore branch as interstate stock transfer b/w branches against form F?
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 31 December 2010
there is no bar on interstate transfer, you can do it
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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