My assessee had a branch outside maharashtra.For that brach assessee has purchased some capital assets and got delivered to head office i.e.in 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?
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