tax on stock transfer
This query is : Resolved
Asheshwar Das
(Querist)
17 May 2009
Is there tax on stock transfer to another state
18 May 2009
No , There is none.
Manoj Sharma
(Expert)
18 May 2009
There is no tax on stock trf. but in case of Delhi if you have purchased goods in Delhi than you can will have to leave 4% input tax credit on goods purchased.
Anoop Garg
(Expert)
18 May 2009
Dear A Dass its very good query.
One has to 'Reverse VAT'equivalent involved in purchase of items used in stock transfer.If clear co - reation don't exist then proportionately.
One has to 'Reverse VAT'equivalent involved in purchase of items used in stock transfer.If clear co - reation don't exist then proportionately.
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