09 April 2009
Dear All, I want to know that what is the percentage of Input-Tax credit disalloed when the dealer is making some Sales as Inter state branch transfer for F.Y.2007-08 and F.Y.2008-09. What is the procedure if the dealer already used full tax credit for above said period. Please guide me.
09 April 2009
If the Claiment dealer dispaced any taxable goods outside the state as a consignment or branch transfer within india then an amount equal to 3% of the purchase price of the corospondig taxable goods shall be deducted from an amount of set off otherwise availiable in respect of the said goods.
CAclubindia
