GOODS TRANSFER TO BRANCH/AGENT

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 January 2010 1. GOODS IMPORTED IN MAHRASHTRA AND TRANSFER TO BRANCH IN OTHER STATE.

2. NO VAT ON IMPORTED GOODS.

3. WHAT WILL BE RATE OF REDUCTION UNDER RULE 53 OF MVAT.

CA Deepak P. Agrawal

CA Deepak P. Agrawal (Expert)
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20 January 2010 If you are keeping stock register so as to prove the direct nexus between the goods imported and goods transfered to branch, then no reduction is to be done as vat paid on corresonding taxable goods is nil.

In short you have to prove that only the imported goods are branch transfered and not the goods purchased from withint the state.

Regards.

Querist : Anonymous

Querist : Anonymous (Querist)

20 January 2010 please mention provision under mvat act.

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