Please give me the details my client have MVAT No in Maharashtra & its branch office at gujarat they purchasing from Mumbai transfering the goods to gujarat & Branch office selling the goods. so we can take the Vat input credit also what is the reduction rate to take the credit.
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Applicability of vat input credit in case of branch transfer
Replies (2)
yes input tax credit can be transferrd to gujarat branch but only after reduction of 2%
We have a manufacturing units in punjab .I have puchased major items of Raw Material from the Outside State parties, manufacture the goods and sold the goods to the parties with in punjab, Ouside Punjab & also made consignment sales agst Form-F. For the manufacture of goods , i have purchased 5 % of Raw Material & consumables from the within state parties. Is the retention of VAT in case of Consignment sales to Outside State Parties is applicable in my case when i have purchased all the major raw material from the Outside state parties and no credit of CST is taken.
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