Vat audit

Jayshree (Chartered Accountant) (82 Points)

06 December 2015  

My assessee had a branch outside maharashtra.For that brach assessee has purchased some capital assets and got delivered to head office maharashtra & paid vat for it.This capital assets transferred to branch.What will be treatment of vat? whether this vat fully available or not?whether branch has to issue C form against those asset? But as per my understanding, C form will be issued only on purchase of goods not any capital asset....hence please guide me what will be treatment of VAT?