Vat on Stock Transfer

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Prashant Kumar Gupta (Querist)
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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.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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20 August 2010 Branch trasnfer will not attarct vat. you need to charge vat only the branch making actual sales

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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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

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