Vat credit
This query is : Resolved
22 April 2014
Dear sir,
my company situated in gujarat, our 80% sales ( C Form ) to OGS and 20% Stock Stransfer to other unit ( F Form ) in Maharstra of total Sales. and 100% purchase from gujarat please advice me on tax reduction as per Gujarat Vat act 2003 as well as CST Act.
my company situated in gujarat, our 80% sales ( C Form ) to OGS and 20% Stock Stransfer to other unit ( F Form ) in Maharstra of total Sales. and 100% purchase from gujarat please advice me on tax reduction as per Gujarat Vat act 2003 as well as CST Act.
22 April 2014
you have to reduce 2% of ITC of vatable purchases against CST sales made, and 4% against branch transfer.
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