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stock transfer in U.P.

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NISHA AGGARWAL

NISHA AGGARWAL (Querist)
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12 November 2009 If we transfers the stock from our U.P. factory to our C&F agents who is in the same state , can we take the Vat credit on this transaction .

nisha agarwal

Bishwajeet (Expert)
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12 November 2009 u r going to chrg VAT on this ?

Guest

Guest (Expert)

12 November 2009 Stock transfer of goods are not sale. You will be liable to charge VAT at the time of sale goods from the premises of C&F agents. Hence, you may take ITC of VAT paid on purchase to offset the same at the time of sale.

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