Stk Transfer
This query is : Resolved
10 August 2010
Hello,
Our proprietor has two seperate business Eg. A & B. both are under MVAT
He has transferred goods from B to A, but in the sale invoice only qty is mentioned and not amount
How it will effect Vat, In Vat form 231 there is a provision for showing Stock transfer.
Pls. advice
Our proprietor has two seperate business Eg. A & B. both are under MVAT
He has transferred goods from B to A, but in the sale invoice only qty is mentioned and not amount
How it will effect Vat, In Vat form 231 there is a provision for showing Stock transfer.
Pls. advice
10 August 2010
Stock transfer is allowed under VAT.
In this case VAT input will be allowed to the business which actually paid the VAT input amount. Where as the business which received the stock transfer will not be allowed any input tax credit of VAT.
In this case VAT input will be allowed to the business which actually paid the VAT input amount. Where as the business which received the stock transfer will not be allowed any input tax credit of VAT.
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
- STCG....................................................
- Supply through E-commerce Operators
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- TAN for Partnership
- Relief u/s Section 89
- STCG FOR GOLD ETFs
- Specified Profession
- Suggestions required for income tax filing-software (FY 2025-26)
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
