if assessee transfer goods n stock transfer basic in himachal pardesh.. can he avail 100 % input tax credit vat paid on local purchase in h.p yes or no?
25 July 2013
IF THE MATERIAL IS PURCHASED IN HP AND TRANSFERRED TO OTHER STATES, 100 % ITC IS NOT POSSIBLE. THE CONDITION FOR 100% VAT INPUT IS, THE PURCHASE AND SALE SHOULD BE IN THE SAME STATE.
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