Input Vat Credit
This query is : Resolved
18 March 2010
Company having branches in different states.It generally trasfer goods under stocktrasfer to another branches with out paying any tax.whether such branch who socktransfer such goods is required to reverse the input credit which is taken, input credit when received such goods.
23 March 2010
yes, if the stock transfer done to another state, input credit has to be reversed.
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