Input VAT Restriction calculation against Stock Transfer

This query is : Resolved 

08 January 2011


XYZ company purchased goods ( 10,000 qty ) of Rs.10,00,000/- @ 5% , total Rs.10,50,000/-.

7500 Qty transfered to respective branch as stock transfer against F-form.

Balance 2500 with XYZ.

In this case, how much input restriction ?

What is formula for Input VAT restriction ?

B R Ramesh (Expert)
08 January 2011


there is no ristriction of claiming input.

you can avail 100%

Shantkumar S Kudmud (Querist)
08 January 2011


Thank You,

One of consultant instructed that there is input tax restriction against stock transfer With reference to Karnataka VAT-100, In Ineligible Input Tax Credit ( 10 ).

- 10.3) Non-Deductible input tax- Under special rebating scheme u/s 14 read with Section 11

Pls let me no clear details.

CA Vijay Kumar Gupta (Expert)
08 January 2011

Under Dvat-04, you have to reverse 2% input tax credit on Rs.750000/=(75000qtyx10)

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