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Vat on inter state branch tranfer

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(Querist)
10 December 2015 hie every one.. suppose i have a Head office in delhi and a branch in mumbai. i purchased some goods at 5% (1000+50) vat in delhi and i transfer goods from delhi to mumbai branch against F forms at 1050. now when i sell the goods at mumbai at say 1100 at what price will i have to charge vat? also, what about the vat that i paid in delhi. or would it be benificial to buy at CST from delhi dealers in mumbai. please advise
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CA Mohit Kumar

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CA Mohit Kumar (Expert)
11 December 2015 If you sale goods at Mumbai ,pay VAT as per MVAT rate.Further, selling goods from Delhi attracts reversel 2%ITC . Local purchase gives ITC benefit whereas Central purchase disallows credit i.e it added in cost of purchase
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CA Mohit Kumar

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CA Mohit Kumar (Expert)
11 December 2015 @1100 For MVAT rate
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imran wasta

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imran wasta (Querist)
12 December 2015 thank you so much Mohit.. can you please provide some reference.. i would be thankful
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