Defination of corresponging goods
This query is : Resolved
29 December 2012
Dear Sir,
I want to know the definition of corresponding taxable goods under rule 53(3) of MVAT act.
We are manufacture of fertilizers having factory in maharashtra. we are purchases raw material from Local, Interstate Purchase & Import also and then we are selling finished goods all over in maharashtra now from last one year we have started new business point (branch) in Gujarat. We make stock transfer to branch, now my queries is the reduction of 4% only on local raw material purchase or including interstate & import purchase regarding the interstate branch transfer
I want to know the definition of corresponding taxable goods under rule 53(3) of MVAT act.
We are manufacture of fertilizers having factory in maharashtra. we are purchases raw material from Local, Interstate Purchase & Import also and then we are selling finished goods all over in maharashtra now from last one year we have started new business point (branch) in Gujarat. We make stock transfer to branch, now my queries is the reduction of 4% only on local raw material purchase or including interstate & import purchase regarding the interstate branch transfer
01 January 2013
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