imported goods transfered to branches outside the satate

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manish (Querist)
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10 May 2008 sir,
if a dealer imports goods and then transfer to branches outside the state whether it will b taxable.
as u/s 11(3)b of gujarat vat act: dealer has to reduce its input tax credit on stock transfer at the rate of 4%.
kindly suggest me whether my imported goods transferred to outside branches will b taxable @4%.

Vishnu Saboo

Vishnu Saboo (Expert)
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02 June 2009 though language of Act is complicated.
Tax to be reversed @ 4% on Taxable purchases within state.
if you are able to proove that material which has been transfered is imported, u not need to reverse the input tax.