10 May 2007
my client transfers jewellery products from HO to the branch at delhi. Both the places are restered under VAT.some customers give bullion in delhi with the making charges against the jewellery. This is again sent back to HO. What is the VAT implication
10 August 2007
IT SHOULD BE TRANSFERED BY THE APPLICABLE FORM THEN NO TAX LIABILITY WILL ARISE BUT SOME CASE DELAR HAS TO REVERSE SOME PORTION OF INPUT CREDIT ON BRANCH TRANSFER PLEASE CHECK DELHI VAT 2005.