Input VAT Restriction calculation against Stock Transfer
This query is : Resolved
Shantkumar S Kudmud
(Querist)
08 January 2011
Hi,
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 ?
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
Hi
there is no ristriction of claiming input.
you can avail 100%
there is no ristriction of claiming input.
you can avail 100%
Shantkumar S Kudmud
(Querist)
08 January 2011
Hi,
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.
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)
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
