Transfer of goods and credit
This query is : Resolved
AJIT MISHRA
(Querist)
14 July 2013
respected all
if assessee transfer goods n stock transfer basic in himachal pardesh..
can he avail 100 % input tax credit vat paid on local purchase in h.p
yes or no?
thanks
if assessee transfer goods n stock transfer basic in himachal pardesh..
can he avail 100 % input tax credit vat paid on local purchase in h.p
yes or no?
thanks
RENGARAJ R.K
(Expert)
25 July 2013
IF THE MATERIAL IS PURCHASED IN HP AND TRANSFERRED TO OTHER STATES, 100 % ITC IS NOT POSSIBLE. THE CONDITION FOR 100% VAT INPUT IS, THE PURCHASE AND SALE SHOULD BE IN THE SAME STATE.
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