Poonawalla fincorps
Poonawalla fincorps

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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