10 December 2015
hie every one..
suppose i have a Head office in delhi and a branch in mumbai.
i purchased some goods at 5% (1000+50) vat in delhi and i transfer goods from delhi to mumbai branch against F forms at 1050.
now when i sell the goods at mumbai at say 1100
at what price will i have to charge vat?
also, what about the vat that i paid in delhi.
or would it be benificial to buy at CST from delhi dealers in mumbai.
please advise
11 December 2015
If you sale goods at Mumbai ,pay VAT as per MVAT rate.Further, selling goods from Delhi attracts reversel 2%ITC . Local purchase gives ITC benefit whereas Central purchase disallows credit i.e it added in cost of purchase
CAclubindia
