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Categories  >>  Accounting  >>  Taxation
 
 


 

 
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Question
This is related to stock transfer to branches ( Delhi & 
Bangalore ) for which my branches are not able to produce 
form 'F' agaisnt such branch transfer, than what is my tax 
liablity. This issue is pertaining to 2006-07, 2007-08 & 
2008-09.
 Question Submitted By :: Siddharth
I also faced this Question!!     Rank Answer Posted By  
 
  Re: This is related to stock transfer to branches ( Delhi & Bangalore ) for which my branches are not able to produce form 'F' agaisnt such branch transfer, than what is my tax liablity. This issue is pertaining to 2006-07, 2007-08 & 2008-09.
Answer
# 1
The liability will be the full tax amount calculated at the 
rate of VAT applicable to such goods/products in your state 
(State to whom F Forms are required to be submitted). Also 
interest will be levied @ 2% p.m. restricted to maximum 36%.
 
Is This Answer Correct ?    2 Yes 0 No
Datta Bhore
 

 
 
 
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