Stock transfer to other state
This query is : Resolved
Kiran Patil
(Querist)
29 November 2012
Dear expert,
i want to confirm whether 2% reduction will be required in case raw material transferred from Maharashtra to Himachal pradesh against form "f"
Kiran
i want to confirm whether 2% reduction will be required in case raw material transferred from Maharashtra to Himachal pradesh against form "f"
Kiran
Ram Avtar Singh
(Expert)
29 November 2012
Yes Input vat credit 2% to be reversed
Kiran Patil
(Querist)
29 November 2012
Thanks, sir for reply,
but i want to know that our raw material is imported and we take excise credit only (no vat credit)
kiran
but i want to know that our raw material is imported and we take excise credit only (no vat credit)
kiran
Ram Avtar Singh
(Expert)
30 November 2012
if seperet accounts maintained for that goods then no need to reversed. other wise
total input credit
------------------X Consignment sale=input reversed
Total sale
total input credit
------------------X Consignment sale=input reversed
Total sale
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