vat / cst implications
madhavvan (service) (154 Points)
03 December 2009madhavvan (service) (154 Points)
03 December 2009
Ajeej Hussain
(Audit Executive)
(189 Points)
Replied 04 December 2009
Does the Co. 'A' purchased in Delhi without any CST registration?
To be called as stock transfer from one state a company need to have registration in such other state here in the case Co. A should have reg in delhi also to treat it as stock transfer and moreover it should also have the CST registration to avail the exemption from tax.
If the registration is not there then the concept of stock transfer and Form 'F' of CST is being used to avail exemption of tax under CST and use it as Stock Transfer.
Otherwise the transaction will be treated as CST purchase by Co.'A' from Delhi Dealer and VAT sale be the Co.'A'