credit of vat
This query is : Resolved
28 May 2008
Hi Nilesh Damji,
can be set off VAT paid on centralised purchasing with VAT payable on sales by various sales depot in various state?
We have a head office at DELHI and all purchase i.e. raw material and packing material through head office and transfer to manufacturing unit in other state and thereafter finished good t/fd to sales depot in other states.
Vat paid on such purchases can be set off against vat payable on sales by such sales depot in various states.
can be set off VAT paid on centralised purchasing with VAT payable on sales by various sales depot in various state?
We have a head office at DELHI and all purchase i.e. raw material and packing material through head office and transfer to manufacturing unit in other state and thereafter finished good t/fd to sales depot in other states.
Vat paid on such purchases can be set off against vat payable on sales by such sales depot in various states.
01 June 2008
hi akhilesh,
still not clear abut ur transaction.
1)from where u purchase raw material i.e from delhi or from the state in which u have ur manufacturing unit.
2) if delhi then hw u transfer the said rm & other materiali.e against form F or ?
3) Hw u transfer FG to other state i.e again against F form or ?
4) in the state of maharshtra if trf goods to brnach outside the state i.e against form F then there is retention of 3% of tax paid on purchases coressponding to such transfer.
hope above will provide clarification to certian extent.
still not clear abut ur transaction.
1)from where u purchase raw material i.e from delhi or from the state in which u have ur manufacturing unit.
2) if delhi then hw u transfer the said rm & other materiali.e against form F or ?
3) Hw u transfer FG to other state i.e again against F form or ?
4) in the state of maharshtra if trf goods to brnach outside the state i.e against form F then there is retention of 3% of tax paid on purchases coressponding to such transfer.
hope above will provide clarification to certian extent.
22 September 2008
VAT paid in one state can not be claimed as ITC in other state.
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ITDS U/S.194T of Firm
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- CREDIT NOTES WITHOUT GST
- FORM 141 SDV query
- Eway bill not cancelled within 24 hous what can be due
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Sales of goods of amount Rs97 lakhs to a party
- GST rate and HSN code for sale of racing horses
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
