VAT

This query is : Resolved

nilesh (Querist)
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21 August 2009 Hi

I want to know can i (from Mumbai branch)transfer my VAT input or output credit to my delhi branch or vice versa ,what is the requirement for this transfr(including sales tax office).& tell me entry for that

waiting for reply

thanks & regards

Nilesh

Guest

Guest (Expert)

21 August 2009 Dear Nilesh

I'm not completely sure on this but still believe that such inter state branch knocking of VAT is not possible as they are governed by respective state acts.

Thanks & Best Regards
Himanshu
ca.hims@gmail.com

SARATHY RP

SARATHY RP (Expert)
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22 August 2009 Dear Nilesh,

VAT is a State subject. You have to avail input credit in the same State. If you have excess of input credit over your output VAT liability, it can be carried forward (subject to incorporation of same in your monthly returns) or claim refund by application in proper Form designed for this purpose. IT CANNOT BE TRANSFERRED TO ANOTHER STATE, UNLIKE SERVICE TAX CREDIT.
Thanks.

Sarathy

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