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ITC ON STOCK TRANSFER-INTERSTATE PURCHASE

This query is : Resolved 
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(Querist)
07 June 2010 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
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CA. O.P. Agarwalla

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CA. O.P. Agarwalla (Expert)
07 June 2010 No VAT is being paid to the state govt on purchases made through inter-satrte transactions. Hence, no question of ITC
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Jiwan singh

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Jiwan singh (Querist)
22 June 2010 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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