Input VAT Credit on Branch Transfer

CA Vishalkumar Kapuria (Chartered Accountant) (36 Points)

23 December 2010  

X has a Head Office in Mumbai & Branch in Ahmedabad

If X - Ahmedabad transfer Stock of1000/- + VAT 50/- = 1050/- to X - Mumbai by Branch Transfer @ 1,000/- (i.e. Cost Price)

Please Guide me whether50/- Input VAT Credit will be available to X - Ahmedabad or not

If Yes then What Amount ?

Thank You