input credit

607 views 1 replies

Sir,
    I have a query regarding Delhi vat. Can a assessee claim input credit(Refund) on purchase of goods (tax paid @ 12.5%), where no local sale has been made by the assesse  and all the goods have been transferred to branch in haryana against form F.

Plz reply, Thanx in advance

Replies (1)

see delhi sales tax rule:

Tax credit disallowed in respect of stock total Input recd x Stock transfer = xxxxxxx
transfer out of Delhi [ Section 10(3)]  Total sale

 

so you can calculate your Input vat disallowed

how can you take refund.


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