Branch Transfer

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 August 2010 I am registered with VAT Delhi. My query is about how much VAT Input disallowed, when a dealer purchase goods local but sales(Branch Transfer) Central.

Please suggest.

10 August 2010 U CAN REVERSE VAT ITC WITH FOLLOWING FORMULA INPUT CREDIT X BRANCH TRANSFER X STATE VAT RATE/GROSSTURNOVER+BRANCH TRANSFER X 100



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