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How to claim input credit under karnaka vat

VAT (Legacy) 922 views 1 replies

how to claim input tax under karnataka vat for stock transfer

Sales:Rs

Local Sales     1000000 plus vat 5%       1050000

                            500000plus 14%              570000

export sales       300000.00

Stock transfer   300000.00

 

URd purchases 200000.00

Inerstate purchases  500000.00

local purchases        500000.00

thanks and regards

ramesh

 

Replies (1)

Can we claim full input tax credit  on under karnataka vat for stock transfer to other states

Sales:Rs

Local Sales     1000000 plus vat 5%       1050000

                            500000plus 14%              570000

export sales       300000.00

Stock transfer   300000.00  to delhi/ mumbai 

 

URd purchases 200000.00

Inerstate purchases  500000.00 @ 2%        510000.00

local purchases        500000.00 @ 13.5%  567500.00

thanks and regards

ramesh


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