04 February 2010
Sir, please solve my problem mentioned below
If shirt manufacturer purchase all his goods from delhi e.g. button, threads, fabric etc. which are taxable and tax free and transferred the finished shirts to his branch in up against form `f` then which amount manufacturer reverse while geting the credit of input.
sir, please specify in case if manf. made the goods @ 12.5% also
12 February 2010
credit is reversable @ 4% or appropriate state rate, which is lower only, in case of branch transfer outside the state, if you are purachsing goods @ 12.50% and transfering the same, only 4% tax would be reduced from.
CAclubindia
