2 % on Input VAT credit is deducted on Stock if we transfer Stock from One state to another.
-> But what will happen if we transfer an Exempted Good [ We do not have any Input VAT credit balance ] ??
-> If we Transfer a Stock having 1 % Input VAT credit Availabe on it ???
Dear Rohit,
There is no VAT/CST on stock transfers subject to submission of Form-H.
See There is no TAX on stock transfer to the branch to brach and you have to issue the Form -F against the Stock Transfer
See There is no TAX on stock transfer to the branch to brach and you have to issue the Form -F against the Stock Transfer
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
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