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
Shudhanshu Agrawal
(Expert)
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
- Tax on Amount transferred in HUF Account
- Nursery business
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- ETDS return q4 25-26
- GST input credit on commercial property
- Intimation under section 245
- Section 269ST applicability for capital introduced by partner to his partnership firm
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- 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
- Tally: Imported bank entries do not show up in manual reconciliation
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
