banner_ad

DVAT credit on branch transfer outside state

2437 views 4 replies

Can VAT input credit be availed on goods purchased in Delhi and transferred out side Delhi on branch transfer against Form F.

Querry is urgent

Replies (4)

Mr Vishal... 

we cannot claim full input ... there is a formula of calculating input for local purchase of goods..

there is a percentage given according to the schedule or rate of tax..

depend upon the rate of that goods..  read INPUT TAX CREDIT chapter in DVAT ready Reckoner..  

check section 9(6) and 10(3), rule 7(1) DVAT Act

For the goods which is purchased locally i.e. in Delhi and transferred as stock transfer to Branch or as consignment sale outside Delhi, we need to reverse VAT already taken @ 2% of the amount.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details