Vat refund for stock interstate stock transfer
This query is : Resolved
Param Kalyan
(Querist)
20 October 2011
we purchase goods in punjab as a regd dealer by paying vat. we have transferred these goods to our branch in West bengal against Form F. Punjab govt has declined to give any vat refund to us for these. the punjab govt says it does not treat stock transfer as sales. We could have got vat refund for the difference had we made interstate sales charging cst (vat paid-cst collected). Is it correct.
MJ Krishnamurthy
(Expert)
20 October 2011
Mr. P Singh,
Input tax credit is not available in this csse. As you said it was possible to get some refund if the goods were sold against 'C' form(Say 14% - 2% for ex).
MJK
Input tax credit is not available in this csse. As you said it was possible to get some refund if the goods were sold against 'C' form(Say 14% - 2% for ex).
MJK
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