Vat on inter state branch tranfer
This query is : Resolved
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
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
11 December 2015
@1100 For MVAT rate
12 December 2015
thank you so much Mohit.. can you please provide some reference.. i would be thankful
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- Gift Received from nonblood relative
- Experts need help
- Management System (IMS)
- Foreign lottery ticket bought online from India: legality, tax and consequences
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Is any professional CA is here please reply
- Putting a heading on received mail
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
