i m confused with cst on stock transfer:
ONe of the leading income tax, service tax & vat for IPCC says that cst can be utised in excess of 2% in case of stock transfer. But i m unable to understand. pls clarify.......
b s bhat (proprietor) (24 Points)
27 October 2012i m confused with cst on stock transfer:
ONe of the leading income tax, service tax & vat for IPCC says that cst can be utised in excess of 2% in case of stock transfer. But i m unable to understand. pls clarify.......
Yogesh kumar
(Student)
(56 Points)
Replied 27 October 2012
Dear
There are no any cst payable on stock trnsfer on interstate branch. This transfer only aganst H Form
CA D.C. Bansal
(Accounts Head)
(283 Points)
Replied 27 October 2012
Pls provide the full text.
I thinkt he want to say that Input Tax Rebale in excess of 2% may be utilised on stock transfer.
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