Taxation in case of different place

Save Share

This query is : Resolved

ca rahul (Querist)

19 June 2008 We have two units Delhi & hyderabad

Hyderabad units received the goods & sale also but accounting are done at delhi branch.

1.goods delivered/Received by hyderebad branch.
2.Goods sold by Hyderabad branch & stock transfer to delhi also.
3.Goods purchase from Hyderabad & deliver to hyderabad unit, Therefore supplier is charging VAT.(but invoice is made in the name of delhi branch bcz delhi is central office for all purchase & payment)

Q.1 Can we book pur/inventory at hyderabad branch
Q.2 Can we claim Vat Credit in hyderabad branch ( bcz phifically pur & sale are in HYd branch)
Q.3 If we take vat credit, Than can we produced Purchase details which is received by delhi branch for Hyderabad branch related goods.

Plz suggest me how to face this problem (one branch receive goods & another do the accounting)

SUNIL RATHORE

SUNIL RATHORE (Expert)

20 June 2008 it is a very common practice to do central accounting for all the branches. so it is not a matter. but for tax purpose u have to be register with andhra pradesh state act. becasue all the sales tax are diffrent from state by state. although in case of income tax and tds u need not to be registerd in andhra pradesh

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now