STOCK TRANSFER

[Guest]

DEAR SIRS, I AM A CONSIGNMENT AGENT FOR A HYDERABAD BASED COMPANY DEALING WITH FMCG

PRODUCTS WE SUPPLY THE PRODUCTS TO OUR BRANCHES AS STOCK TRANSFER, AND SOME OF THE

BRANCHES NOT SENT US THE SALES REPORT, PLEASE LET US KNOW IF THERE IS ANY TIME LIMIT

FOR PAYING TAXES FOR STOCK TRANSFER

AI Summary

Clarification on Tax Implications for FMCG Stock Transfers: Form F Exemption and VAT Payment Timeline Explained A consignment agent for a Hyderabad-based FMCG company inquired about the tax implications of stock transfers to branches, particularly concerning the time limit for paying taxes when sales reports are delayed. One respondent clarified that if the agent is registered under VAT for the FMCG business, stock transfers are not taxed if Form F is provided. The VAT collected from sales is payable in the following month. Another respondent emphasized the necessity of issuing Form F monthly.