Custom and vat

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ASHMEET CHADHA

AUDIT EXECUTIVE

24 Points Joined July 2012

Whether we have to pay VAT / CST when the Imported goods are being transferred from one bonded warehouse to other????

Replies (1)

Mr Subrata Dasgupta

Finance Professional

171 Points Joined January 2013

Dear Ashmeet

You are not required to pay VAT / CST for such a transaction. These are transactions for Branch Transfer. Receiving Bonded Warehouse (in antother state) has to issue Form F to the despatching Bonded Warehouse in the originating state. It is presumed that the Company is registered under the Central Sales Tax Act in all the states.