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ITC ON STOCK TRANSFER-INTERSTATE PURCHASE

This query is : Resolved 

Dear All
if we stock transfer our raw material (interstate purchased) to our other branch situated in other state ,will it restrict ITC 4% ? Please suggest .

Thanks
Regards
Jiwan singh


No VAT is being paid to the state govt on purchases made through inter-satrte transactions. Hence, no question of ITC

if we stock transfer raw material to other state which is purchases from within state supplier.in which ratio input tax credit would be taken.


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