INTERVIEW QUESTIONS TAX SALES TAX DETAILS

Question: What is Form F used for, in case of Central Sales Tax (CST)?

Answer: Under CST Act, F Form is used for Branch transfers and Consignment transfers. Goods when transferred from one place to another under the same principal, is known as Branch Transfer and when it is transferred to agents, it is termed as Consignment Sale. Here the dealer has to furnish a declaration in F Form received from the consignment agent or branch office in another state to prove that the interstate movement of goods is not a sale.

One F Form covers all transactions in one month, irrespective of the number of transactions and the total amount.

Under CST Act, F Form is used for Branch transfers and Consignment transfers. Goods when transferred from one place to another under the same principal, is known as Branch Transfer and when it is transferred to agents, it is termed as Consignment Sale. Here the dealer has to furnish a declaration in F Form received from the consignment agent or branch office in another state to prove that the interstate movement of goods is not a sale.

One F Form covers all transactions in one month, irrespective of the number of transactions and the total amount. Source: CoolInterview.com

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