Suppose, Mr.A has a business in Assam and West Bengal with different name, can he transfer good against form f, since the name of concern differs but the proprietor is same? Plz reply asap. Thanx
3 Replies
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 09 July 2012
Mr Deepak Singhal,
Yes it can be done........MJK
Ajit kumar Dubey
(Taxation Manager)
(637 Points)
Replied 09 July 2012
I agree with MJ Krishnamurthy, provided that in the registration certificate of VAT in Assam, the company in WB has been shown as a group company.Else as the seller is a proprietorship business and stock transfer is only within the group company. It would not be considered as stock transfer but as sale only where CST will be applicable.
Recent Topics
- Handling of NRO TDS
- Asset Declaration in ITR2
- CGST/SGST Input tax Classification in Tally Prime
- PREFERENCE SHARES - NBFC
- Vivad se vishwas scheme 2024
- List of banks for tax payments available at e-Pay
- Excess itc claimed then intrest applicable even if
- Financing for Properties and Businesses
- TAX DEMAND STILL SHOWING ON INCOME TAX PORTAL, EVE
- FORM 10 IEA IN Revised return
Related Threads
CAclubindia
