STOCK TRANSFERS UNDER THE CST ACT.

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..... STOCK TRANSFERS UNDER THE CST ACT.
Query (Issue) Started By: - Sadanand Bulbule Dated:- 31-5-2019 Last Reply Date:- 17-5-2020 VAT + CST
Got 3 Replies
VAT / Sales Tax
Sir The assessing authority while concluding the reassessment under Section 6A of the CST Act,1956,based on the Enforcement Report, has determined the stock transfer as interstate sales under Section 3A of the Act, with .....

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..... out establishing conceivable links between the alleged transactions in terms of the Hon'ble Apex Court constitutional bench judgement rendered in TELCO case reprted in 1970 AIR 1281 = 1970 (3) TMI 104 - SUPREME COURT. Now the question is, in the event of the dealer getting the copies of the adverse materials so used as the only basis for reopening the concluded assessment,whether the dealer i .....

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..... s entitled to cross-examine the impugned statements recorded during investigation and other related documents to prove the genuineness of his stock transfers? What is the procedure of cross-examination? What are its implications?Please enlighten by providing the recent and relevant judicial rulings on these issues. Reply By Sadanand Bulbule: The Reply: May I request our experts to clarify the is .....

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..... sue at the earliest please? Reply By YAGAY andSUN: The Reply: If it was a pre-conceived sale then only stock transfer can be treated at par with the CST Sales under form F, otherwise not. Please clear the facts of this matter. Reply By Sadanand Bulbule: The Reply: Sir, Thank you so much for your clarification.
Discussion Forum - Knowledge Sharing .....

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