vat enquiry

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MANISH KR. SHARMA (Querist)
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19 January 2010 Dear sir,

I want to ask yourgoodself about the taking of input of vat if we purchase goods from our local state(delhi) @ 12.5% and transferred the same goods to my branch at other state against form f than how much input we take in our account while filing the return or depositing the tax

CA Vijay Kumar Gupta

CA Vijay Kumar Gupta (Expert)
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21 January 2010 You have to reverse the tax credit @2% of the amount of goods trfd. agst F form out of godds purchased from Delhi.

MANISH KR. SHARMA

MANISH KR. SHARMA (Querist)
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22 January 2010 Very thanks for your reply
but sir i find in the vat reconner about the reversal of 8.5% of value of goods wich is t/f aginst form f hence we have allow to get only 4% credit in case of 12.5% items and no credit is allowed in case of 4% items please look into this matter and pleae clerify the same and oblige Thanks

CA Vijay Kumar Gupta

CA Vijay Kumar Gupta (Expert)
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23 January 2010 Pl. check the latest edition.

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