Dear All
we have branch a in jaipur and we transfer the stock against form F without charging CST. So Please tell me can we take the benifit of 4% Local Input VAT against the purchases for the same material
Dear All
we have branch a in jaipur and we transfer the stock against form F without charging CST. So Please tell me can we take the benifit of 4% Local Input VAT against the purchases for the same material
input vat should be reversed as per Dvat Rule under sec 10(3) example given below
total input vat
________ X stock transfer = input vat disallowed agaist stock tranfer
Total sale
yes u can get credit of input vat, u need to reverse 2% of local input vat if u r transfer the goods to ur branch whether 4% or 12.5%
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
