Input tax restrictions under sec 14 of kvat act
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2012
dear collegues
how to compute input tax reversal on account of stock transfer to own units situated outside the karnataka.
example: Total vat purchase 10000+ credit 1400
Total CST purchase Rs. 10000+cst 2000
Vat sales Rs. 8000+ output tax 1120
cst sales Rs. 5000+ cst 100
stock transfer to interstate units Rs. 5000+ cst not charged agaist form F.
please guide me how to compute input reversal under sec 14 for the value of goods transfered to interstate units.
thanks in advance
rk
how to compute input tax reversal on account of stock transfer to own units situated outside the karnataka.
example: Total vat purchase 10000+ credit 1400
Total CST purchase Rs. 10000+cst 2000
Vat sales Rs. 8000+ output tax 1120
cst sales Rs. 5000+ cst 100
stock transfer to interstate units Rs. 5000+ cst not charged agaist form F.
please guide me how to compute input reversal under sec 14 for the value of goods transfered to interstate units.
thanks in advance
rk
19 July 2012
Dear RK,
What is the rate of tax for your products purchased and transferred to other units? The answer is based on that only.
What is the rate of tax for your products purchased and transferred to other units? The answer is based on that only.
01 August 2024
https://docs.google.com/document/d/1BL8kDpocDkFBr9cdW-Pj63A7lhb0xeR6oCsMThTLh7Q/edit?usp=sharing
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
- CLOSING STOCK QUERY
- ITR-Capital Gain
- Gst on travel by air for business purposes
- GST ISD Query on various AMCs
- Short Term Gain Reporting ITR
- Loss of interest in PF transfer from EPFO to Trust
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Error in uploading Form 10BD
- TDS on rent received on hardship compensation being rent on redevelopment of building
- F&O reporting in ITR
- 44AD, 44ADA business details
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
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
