In case of stock trf. the goods to our branch located in another state against 'F form and on the same goods we have already taken input credit since it was locally purchased. How much tax (4% or 2%) we shall have to reverse in the state of Haryana, UP & Delhi and if differ rules in other state.
Kindy clarify.
As a principle it should be 2% however each state laws may have to be referred for confirmation.
Dear sir,
Iam a manufaturer in b.lore have sent stock to my branch in kerala-due to some problem later i closed the branch. now vat audit officials have put 12.5% on the total value of stock transfer.iam worried, what could be the remedy . please answer.
regards
kishor.
please refer section 17 - rule 131 of kvat.
thank you
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
View Details
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
View Details
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
View Details
CAclubindia
