07 February 2012
If a Consignor sells his stock through consignee then can consignee claim vat input if the sale invoice is prepared against the consignee name ?
07 February 2012
If both the consignor and consignee are situated in two different states: The VAT input benefit shall not be allowed to the tune of goods which are being stock transferred to the consignee against FORM F. Also upon sale by the consignee he shall be liable to collect and discharge the VAT in that state.
If both the consignor and consignee are situated in the same state, input tax has to be claimed as refund making application to the Commercial tax office.
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