imported goods transfered to branches outside the satate
This query is : Resolved
10 May 2008
sir,
if a dealer imports goods and then transfer to branches outside the state whether it will b taxable.
as u/s 11(3)b of gujarat vat act: dealer has to reduce its input tax credit on stock transfer at the rate of 4%.
kindly suggest me whether my imported goods transferred to outside branches will b taxable @4%.
if a dealer imports goods and then transfer to branches outside the state whether it will b taxable.
as u/s 11(3)b of gujarat vat act: dealer has to reduce its input tax credit on stock transfer at the rate of 4%.
kindly suggest me whether my imported goods transferred to outside branches will b taxable @4%.
02 June 2009
though language of Act is complicated.
Tax to be reversed @ 4% on Taxable purchases within state.
if you are able to proove that material which has been transfered is imported, u not need to reverse the input tax.
Tax to be reversed @ 4% on Taxable purchases within state.
if you are able to proove that material which has been transfered is imported, u not need to reverse the input tax.
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