VAT CREDIT
This query is : Resolved
HIMANSHU TIWARI
(Querist)
30 August 2007
COULD IT MAY POSSIBLE AS TO TAKE VAT CREDIT WITH OUT PAYING PURCHAGE TAX IN ACTUALLY WHEN IT IF EXEMPT.
IN A CONDITION WHEN ONE HEAD OFFICE SENT ITS BRANCH OFFICE SOME GOOD AGAINST BRANCH TRANCFER (F FORM) SUBSEQUENTLY IT IS SELL TO ANOTHER REGISTER DEALER BY CHARGING 4% TA HERE MY QST IS COULD IT BE POSSIBLE FOR BRANCH TO GO VAT CREDIT .
THIS QUESTION IS ASKED TO ME BY CA IN ONE COMPANY INTERVIEW
IN A CONDITION WHEN ONE HEAD OFFICE SENT ITS BRANCH OFFICE SOME GOOD AGAINST BRANCH TRANCFER (F FORM) SUBSEQUENTLY IT IS SELL TO ANOTHER REGISTER DEALER BY CHARGING 4% TA HERE MY QST IS COULD IT BE POSSIBLE FOR BRANCH TO GO VAT CREDIT .
THIS QUESTION IS ASKED TO ME BY CA IN ONE COMPANY INTERVIEW
HIMANSHU TIWARI
(Querist)
30 August 2007
NO MODIFY
HIMANSHU TIWARI
(Querist)
30 August 2007
NO MODIFY
HIMANSHU TIWARI
(Querist)
30 August 2007
LL
Ashok Kumar G
(Expert)
03 September 2007
Hi,
the branch transfer against Form F is an interstate sale, & VAT Credit cannot be taken from the branch
the branch transfer against Form F is an interstate sale, & VAT Credit cannot be taken from the branch
CA. O.P. Agarwalla
(Expert)
19 November 2007
THE BASIC OF GETTING ANY ITC IS THAT SOME ONE HAS PAID THE TAX ON PURCHASES IN THE SAME STATE.
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