Input Vat against Stock Transfer
This query is : Resolved
16 May 2009
Dear All,
Good Day
We are Delhi based Company and having factory at Gurgaon(Haryana).
We are purchasing Raw Material from Delhi Vat Dealers at @4% Vat and the same raw maerial is transferrd to our gurgoan factory for manufacturing puporse.
Can we take 100% benefit of Input tax or some restricted amount.
Please describe in detail the procedure.
Thanks
b'regards
Saran
Good Day
We are Delhi based Company and having factory at Gurgaon(Haryana).
We are purchasing Raw Material from Delhi Vat Dealers at @4% Vat and the same raw maerial is transferrd to our gurgoan factory for manufacturing puporse.
Can we take 100% benefit of Input tax or some restricted amount.
Please describe in detail the procedure.
Thanks
b'regards
Saran
16 May 2009
You can not take credit of vat purchases from delhi. when u purchase raw material from haryana than u can take credit of vat.
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