Treatment under Vat Act

Jatinder Chugh (Querist) 20 May 2010 This query is : Resolved
I am a regd dealer in Punjab and wants to give frnchise to a firm which is also regd in Punjab. When I send goods to such firm whether it would be consignement sale or stock transfer. When it would be my sale and through which document/bill/note i can send goods to my frenchise and when i should charge vat on such goods

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AMIT BAJAJ ADVOCATE (Expert) 20 May 2010
SINCE YOUR FRENCHISEE, AS IT SEEMS FROM THE QUERRY, HAS A SEPERATE REGISTRATION UNDER PVAT ACT THEREFORE IT WONT BE CONSIDERED AS YOUR BRANCH, HENCE SENDING OF GOODS TO SUCH FRENCHISEE CANNOT BE TREATED AS BRANCH STOCK TRANSFER AND IT WILL BE CONSIDERED AS SALES SUBJECT TO VAT UNDER THE PVAT ACT.

soumitra basu (Expert) 31 May 2010
Therefore, you should charge VAT at the time of sending goods and raise invoice.

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