Vat on consignment sales


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Querist : Anonymous

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Querist : Anonymous (Querist)
05 August 2014 Dealer A is in UP and Agent B is in Maharashtra.

A transfer the goods to B vide stock transfer without any VAT/CST. B issues form F to A.

Now, B sales the goods in Maharashtra & collects the VAT. Balance remitted to A.

My question is ;
1. Will any input credit available to B ?
2. How will this be computed ?


05 August 2014 No input is available to B.

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 August 2014 Thanks.

But then can dealer A claim input credit on goods sold under consignment against the goods sold other than by agent.

05 August 2014 it depends on state, some state allow while some state do not


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