Calculation of input tax on stock transfer
This query is : Resolved
28 August 2013
Sir We are mfg. and Make a Sale by way of Stock Transfer from West Bengal to Orissa
CAn I availed Input tax creditif not How can we calculate TAx on the same
CAn I availed Input tax creditif not How can we calculate TAx on the same
28 August 2013
The query is not clear.
1) For stock transfer there is no tax involved.
2) So, input tax credit does not arise.
3) Suppose in West bengal if the goods are purchased against Tax invoice and if such ITC is availed, and stock transfer is made, then you have to reverse the partial ITC.
1) For stock transfer there is no tax involved.
2) So, input tax credit does not arise.
3) Suppose in West bengal if the goods are purchased against Tax invoice and if such ITC is availed, and stock transfer is made, then you have to reverse the partial ITC.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- TDS related Query_Liquidated Damages
- Soyabean hsn code and gst rate
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Long Term Service award taxability in hands of company
- Last year TDS Claim
- LTCG for Assmt year 26-27
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
