if goods are transferred outside the state to another branch having a different vat & cst no,then f form is to be collected from the receiving branch & no tax has to be collected but is full credit available for vat paid on purchase of such goods & transferred or is subject to disallowance
Menu
vat on branch transfer
Replies (2)
As far in Karnataka. The input tax paid to the extent of 2% will have to apportioned in the ratio of taxable turnover and stock transfers to arrive at the ineligible input tax.
SAME IN MAHARASHATRA ALSO
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
