snehal sule
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Anil Dhawan
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While inter-state sales are subject to CST; intra-state sales are governed by respective State VAT legislation’s.Stock transfers to a branch outside the State is not subject to either VAT or CST. However, VAT credit on inputs is required to be reversed (as per the State VAT laws).However, dispute lies where some stock transfers are considered by VAT authorities as inter-state sales and proceed to recover tax thereon from the seller. - See more at: http://taxguru.in/goods-and-service-tax/supreme-court-laying-line-distinction-stock-transfer-inter-state-sales-central-sales-tax.html#sthash.YbAoes3L.dpuf
