Stock Trf

Dear Sir,

 

My Q is, my compay purchase last  year some item from local company and we have taken input credit for those items. Now these stock laying in our stock but at the FY end we have trf  these items our other branch as a stock trf. Know I want to know how I take these stock  agaist "F" form 1. I  revs our input credit or we chan pay 2% as a  "C" form agaist "F"" for. Kindly resolve my problem.

 

Regards

Mehar

  

Replies (1)

Firstly you'll show stock trf. against 'F' form in central sales u/s 6a and whatever input credit taken on these goods, you'll have to reverse in vat. No question of C form/2%.

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