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.
Answers were Sorted based on User's Feedback
Answer / datta bhore
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 ? | 10 Yes | 5 No |
As per Central sales tax rule 1956 if any company or
assessee not provied Form "F" or "c" at the time of sales
tax assessment the assessing tax officer rigites the full
rate of tax will we charges as per schedule "c" covered in
central sales tax" mens 12.5% or as applicable +Interst @
13% p.a. on tax amount.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / sudh88@yahoo.com
he 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 T
| Is This Answer Correct ? | 3 Yes | 1 No |
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