Input Tax Disalloed

This query is : Resolved

pawan (Querist)
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09 April 2009 Dear All,
I want to know that what is the percentage of Input-Tax credit disalloed when the dealer is making some Sales as Inter state branch transfer for F.Y.2007-08 and F.Y.2008-09.
What is the procedure if the dealer already used full tax credit for above said period.
Please guide me.

Pawan Pandey

Pravin Nemad-CWA

Pravin Nemad-CWA (Expert)
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09 April 2009 If the Claiment dealer dispaced any taxable goods outside the state as a consignment or branch transfer within india then an amount equal to 3% of the purchase price of the corospondig taxable goods shall be deducted from an amount of set off otherwise availiable in respect of the said goods.