09 April 2009
Dear All, I want to know that what is the percentage of Input-Tax credit disalloed when the dealer is making some Sales as Inter state branch transfer for F.Y.2007-08 and F.Y.2008-09. What is the procedure if the dealer already used full tax credit for above said period. Please guide me.
Tax credit disallowed in respect of stock transfer out of Delhi [ Section 10(3)] Total input Vat --------------- X consignment sale =******* Total Sale
but its depend on stete vat rule. kindly see your vat rule. its only for delhi.