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    <title>Form F stock transfer</title>
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    <description>Interstate movement of equipment between branches for jobwork qualifies as a stock transfer and not a sale where possession and control remain with the transferor; furnishing Form F that the receiving branch has received and accounted for the goods supports non-sale characterization. Section 6A requires that movement be occasioned by transfer to another place of business or agent and not by sale, so authorities cannot levy central sales tax on such transfers when Form F is produced and services are subject to service tax.</description>
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      <link>https://www.taxtmi.com/forum/issue?id=110575</link>
      <description>Interstate movement of equipment between branches for jobwork qualifies as a stock transfer and not a sale where possession and control remain with the transferor; furnishing Form F that the receiving branch has received and accounted for the goods supports non-sale characterization. Section 6A requires that movement be occasioned by transfer to another place of business or agent and not by sale, so authorities cannot levy central sales tax on such transfers when Form F is produced and services are subject to service tax.</description>
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      <law>VAT / Sales Tax</law>
      <pubDate>Tue, 28 Jun 2016 00:31:14 +0530</pubDate>
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