Vat on Stock Transfer
This query is : Resolved
19 August 2010
When i transfer stock to Branch then can vat charged on Item. When branch sell item how can i show it Head Office.
20 August 2010
Branch trasnfer will not attarct vat. you need to charge vat only the branch making actual sales
21 August 2010
you need to take input credit when purchase the goods keep input as debit balance, when the branch sold the goods the output credit of your branch can be adjusted against the input credit,
My reply based assumption on the H.O. and branch both are in same state
My reply based assumption on the H.O. and branch both are in same state
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