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TMI BlogStock transfer transaction from exempted zone.X X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, We have received some inputs from our customer. They raised invoice under stock transfer against Form F. The value of goods sent by customer is Rs. 10. Further we manufactured the goods and used in our final product and dispatched back to customer. The format of invoice raised by us is as follows :- Value of goods ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... = Rs. 90 Value of Customer Supplied goods = Rs 10 Taxable Amount = Rs. 90 CST @ 2% = Rs.1.80 Total Amount = Rs. 91.80 The customer will issue us the F Form ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for Rs.10 and C Form for Rs. 91.80 against the goods? Kindly confirm if this procedure is correct..? Thanks in advance - Reply By Pradeep Khatri - The Reply = It seems that you had recevied goods from your customer on a challan for doing the Jobwork by using your inputs or goods. The method used by you for calculating the Central Excise Duty as well as CST is correct. - Reply B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y Anil Gagneja - The Reply = We have received the goods from our customer on invoice against form F., because the inputs utilise in the final products to be manufactured by us. It is mandatory to issue form F against Form F.. - Stock transfer transaction from exempted zone. - Query Started By: - Anil Gagneja Dated:- 27-7-2012 Value Added Tax - VAT-CST - Got 2 Replies - VAT and Sales Ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... x - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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