can be set off VAT paid on centralised purchasing with VAT payable on sales by various sales depot in various state?
We have a head office at DELHI and all purchase i.e. raw material and packing material through head office and transfer to manufacturing unit in other state and thereafter finished good t/fd to sales depot in other states.
Vat paid on such purchases can be set off against vat payable on sales by such sales depot in various states.
still not clear abut ur transaction. 1)from where u purchase raw material i.e from delhi or from the state in which u have ur manufacturing unit.
2) if delhi then hw u transfer the said rm & other materiali.e against form F or ?
3) Hw u transfer FG to other state i.e again against F form or ?
4) in the state of maharshtra if trf goods to brnach outside the state i.e against form F then there is retention of 3% of tax paid on purchases coressponding to such transfer.
hope above will provide clarification to certian extent.
CAclubindia
