02 February 2011
if i make local purchase of raw material & send finished goods to our branch in other state . can i use vat credit in our sale tax return
03 February 2011
Yes, you can take VAT credit but have to apply special rebate scheme under section 14 of Karnataka VAT act, 2003 (i.e. in excess of 2% is allowed as VAT credit)
CAclubindia
