tax on stock transfer

This query is : Resolved 

17 May 2009 Is there tax on stock transfer to another state

18 May 2009 No , There is none.

18 May 2009 There is no tax on stock trf. but in case of Delhi if you have purchased goods in Delhi than you can will have to leave 4% input tax credit on goods purchased.


18 May 2009 Dear A Dass its very good query.

One has to 'Reverse VAT'equivalent involved in purchase of items used in stock transfer.If clear co - reation don't exist then proportionately.



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