STOCK TRANSFER

[RAJESH GUPTA]

WE HAVE STATRT A BUSINESS 1998 AT DELHI AND BRANCH ARE CREATE IN HARYANA 2010 AND WE HAVE MADE A STOCK TRANSFER GOODS HARYANA TO DELHI IN 2013-14 AND WE HAVE AVAIL THE F FORM FROM DELHI OFFICE AND SUBMIT TO HARYANA VAT DEPTT BUT DEPTT OF HARYANA ARE RAISED THE DEMAND OF TAX AGAINST BRANCH TRANSFER STOCK AND INPUT OF VAT ARE REVERSED SO LET ME THIS IS THE COREECT OR NOT

[DR.MARIAPPAN GOVINDARAJAN]

Have you got cleared on the above doubt? If not please inform.

AI Summary

Stock transfer: dispute over tax demand and reversal of input VAT following submission of F form. A company moved stock from its branch to its principal office in another State, obtained an F form from the receiving office and submitted it to the origin State's VAT department; the origin department nonetheless raised a tax demand and reversed the branch's input VAT, raising the question whether the F form and submitted documentation properly preclude such a demand and reversal.