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Query in Stock transfer

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(Querist)
23 December 2010 In case of stock transfer input tax credit is available after retention of 4% of such tax by the state governments.

Is that rate 4% or 2%.

Please clarify Immediately
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Amit Bajaj

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Amit Bajaj (Expert)
24 December 2010 Plz provide the name of state you are referring to. Its 4% under Punjab VAT Act 2005
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Tharun Raj

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Tharun Raj (Querist)
25 December 2010 Is nt there a uniform rate
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