transfer of stocks

[Arun Aggarwal]

Sir,

I transfer the vat paid stocks after manufacturing to my branch office in the other state which further exports it as it is.

My question is can I transfer the stocks to my own branch on H form or it has to be on F form only, further what will the fate of vat which I paid while aquiring the stocks?

Arun

[Ganeshan Kalyani]

In my view the transfer should be against Form F.

AI Summary

Inter-state stock transfer to an exporting branch should be documented on Form F to secure tax treatment. Transfer of manufactured, VAT-paid stock from a principal to its out-of-state branch that exports the goods should be effected against Form F; the reply does not address the fate of VAT already paid on acquisition.