Input Vat against Stock Transfer
This query is : Resolved
bhagwati saran
(Querist)
06 June 2009
Dear All,
Good Day,
We are vat& Cst registered dealer in Delhi. We purchase goods from Delhi's Dealers agt Vat Input 4% and the same stock are transfered to our factory at Gurgaon, Haryana and then it will consumed in the process of making final goods and finished goods are sold from Gugaon.
Whether we can take total input vat
Credit on such purchases in Delhi or restricted amount to be claimed or some other procedure.
Please advice in details or suitalbe example.
Thanks & b'reagrds
Saran
Good Day,
We are vat& Cst registered dealer in Delhi. We purchase goods from Delhi's Dealers agt Vat Input 4% and the same stock are transfered to our factory at Gurgaon, Haryana and then it will consumed in the process of making final goods and finished goods are sold from Gugaon.
Whether we can take total input vat
Credit on such purchases in Delhi or restricted amount to be claimed or some other procedure.
Please advice in details or suitalbe example.
Thanks & b'reagrds
Saran
Vishnu Saboo
(Expert)
06 June 2009
Input VAT is avilable when you have purchased the same for resale, manufacturing, for inter unit transfer, export sale, outside state sale etc.
in case of material purchased for inter unit transfer outside the state, buyer have to reduce the input credit @ % set out by state in Act.
in case of material purchased for inter unit transfer outside the state, buyer have to reduce the input credit @ % set out by state in Act.
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