Poonawalla fincorps
Poonawalla fincorps

AP VAT - INPUT ON STOCK TRANSFER

This query is : Resolved 

05 February 2010 Sir,

A company has two divisions namely A,B.
Div A transfers stock to Div B.
VAT Return filed for company as a whole.
But to the extent of transfers, purchase input has not taken into consideration (i.e Vat receivable credited by debiting Purchases)
Is it correct?

12 February 2010 of which purchases u r talking?
from supplier or from division "A".
further clarify are the units estiblished in same state?



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