This is related to stock transfer to branches ( Delhi &
Bangalore ) for which my branches are not able to produce
form 'F' agaisnt such branch transfer, than what is my tax
liablity. This issue is pertaining to 2006-07, 2007-08 &
2008-09.
Answer Posted / datta bhore
The liability will be the full tax amount calculated at the
rate of VAT applicable to such goods/products in your state
(State to whom F Forms are required to be submitted). Also
interest will be levied @ 2% p.m. restricted to maximum 36%.
| Is This Answer Correct ? | 10 Yes | 5 No |
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