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    <title>Statutory forms importance</title>
    <link>https://www.taxtmi.com/forum/issue?id=107876</link>
    <description>Form F is mandatory for inter state stock transfers to establish non sale status; failure to issue, receive or produce Form F within prescribed time may result in the transfer being treated as a sale under the Central Sales Tax regime, attracting tax, interest and penalty. The respondent notes that absent statutory forms the scheduled tax rate of the receiving State will be applied. The text records uncertainty about the effect where the goods are VAT exempt and whether authorities will still assess tax in that circumstance.</description>
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    <pubDate>Mon, 19 Jan 2015 15:02:07 +0530</pubDate>
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      <title>Statutory forms importance</title>
      <link>https://www.taxtmi.com/forum/issue?id=107876</link>
      <description>Form F is mandatory for inter state stock transfers to establish non sale status; failure to issue, receive or produce Form F within prescribed time may result in the transfer being treated as a sale under the Central Sales Tax regime, attracting tax, interest and penalty. The respondent notes that absent statutory forms the scheduled tax rate of the receiving State will be applied. The text records uncertainty about the effect where the goods are VAT exempt and whether authorities will still assess tax in that circumstance.</description>
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      <law>VAT / Sales Tax</law>
      <pubDate>Mon, 19 Jan 2015 15:02:07 +0530</pubDate>
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