STOCK TRANSFER, VAT + CST

[SUBRAMANIAM MEENAKSHI SUNDARAM]

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

Posts / Replies

[Ganeshan Kalyani]

Being consignment agent if are registered under VAT registration of the your FMCG as an additional place of business then the movement of goods would be termed as stock transfer and tax will not charged provided form F is in place. Further after receiving the stock you are selling to customers then in the month of sale the Vat collected on such sale will become payable in subsequent month within due date.

[YAGAY AND SUN]

Form F is required to be issued on monthly basis.