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
RENGARAJ R.K
(Expert)
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
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