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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Annual return in Gst
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
