Sir,
Whether capital goods transferred from one a branch to another branch in another state, is required to be supported by Form F declaration?
If yes, if the movement is supported by Form F and evidence for despatch is not available, whether the transaction can be assessed, especially when submission of Form F itself deems that there is no sale?
Regards
CA. K. Ramaswamy
Form F Required for Capital Goods Transfer Between Branches to Avoid Sale Classification Under CST Act 1956 A query was raised regarding the requirement of Form F for transferring capital goods between branches in different states. The response clarified that under the CST Act, 1956, any transfer of goods, including capital goods, between branches of a registered dealer requires a Form F declaration to demonstrate it is not a sale. If goods are tailor-made and subsequently sold in the receiving state, it is considered a sale rather than a transfer. Both responses emphasized the necessity of Form F for branch transfers to avoid classification as a sale. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
