VAT INPUT
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 September 2010
DEAR SIR
WE HAVE PHARMA MFG.UNIT IN HIMACHAL & OUR 40% SALE ON BRANCH TRANSFER & REST ON CST SALE. LET ME KNOW CAN WE CLAIM 100% VAT INPUT CREDIT ON PURCHASE OF RAW MATERIAL.
WE HAVE PHARMA MFG.UNIT IN HIMACHAL & OUR 40% SALE ON BRANCH TRANSFER & REST ON CST SALE. LET ME KNOW CAN WE CLAIM 100% VAT INPUT CREDIT ON PURCHASE OF RAW MATERIAL.
Ram Avtar Singh
(Expert)
27 September 2010
You can claim 100% input vat on input purchase but in proportion of Branch tranfer input va will be disallowed. for Exmple:
Total input vat
--------------- X Branch tranfer=disallow
Total sale
Total input vat
--------------- X Branch tranfer=disallow
Total sale
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