Transfer of goods and credit
This query is : Resolved
14 July 2013
respected all
if assessee transfer goods n stock transfer basic in himachal pardesh..
can he avail 100 % input tax credit vat paid on local purchase in h.p
yes or no?
thanks
if assessee transfer goods n stock transfer basic in himachal pardesh..
can he avail 100 % input tax credit vat paid on local purchase in h.p
yes or no?
thanks
25 July 2013
IF THE MATERIAL IS PURCHASED IN HP AND TRANSFERRED TO OTHER STATES, 100 % ITC IS NOT POSSIBLE. THE CONDITION FOR 100% VAT INPUT IS, THE PURCHASE AND SALE SHOULD BE IN THE SAME STATE.
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