PRE DITERMINE SALES (STOCK TRANSFER TO BRANCHES)

Querist : Anonymous (Querist) 25 November 2009 This query is : Resolved
HELLO SIR

WE R MANUF. AND SENDING STOCK FROM U.P(FINISHED GOODS)TO OUR BRANCHES .NOW UP STO WANTED TO TAX UNDER LOCAL VAT. F- FORMS RECD FROM ALL BRANCHES . ACTUAL SUPLLY WERE MADE. BUT SALES MADE FROM BRANCHES ONLY TO 2/3 CUSTOMERS AFTER RECIEVING THE .PO. ON BRANCHES. IS IT OK ? WHAT WE CAN PROVIDE TO THEM SA PROVE THE STOCK TRANSFER. ANR COURT REF.PLS HELP US

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APARNA NANDAKUMAR (Expert) 24 February 2010
Your gist of facts is vague on certain aspoects. Who made the actual supply of goods ;your branch in that State or was there a direct movement of goods from U.P. to purchasers in other States? If the goods have moved by way of stock transfer to your branch against Form F declarations, it is alight. The local VAT can be charged only on the sales made by your branches to the purchasers in that State.

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