Input Tax Credit Disallowed

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pawan

accountant

33 Points Joined March 2009

Dear All,
I want to know that what is the percentage of Input-Tax credit disalloed when the dealer is making some Sales as Inter state branch transfer for F.Y.2007-08 and F.Y.2008-09.
What is the procedure if the dealer already used full tax credit for above said period.
Please guide me as per DVAT Law.

Pawan Pande

Replies (1)

Sachin

Chartered Accountant

419 Points Joined November 2008

Dear Pawan,

There is no specified percentage of the Input Vat disallowed. Input VAT will be disallowed corresponding purchase in respect of which interstate sale made. plese write mail for further detail. my email id is sachinagarwalcallb @ gamil.com