Karnataka Vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 January 2011
I am sending materials from Mumbai Br. to Karnatana Br. It is Br. Trf Sales for Mumbai Br. and Br. Trf Purchase for Karnataka Br. Obviously Maharashtra states material trf to Karnataka State. In the view of the maharashtra state we will get reduction from set off @ 2% on Net Br. Trf sales amt. My question is that, is there required to pay tax(Vat) to the Karnataka state from my Karnataka Br. for Br. Trf Purchase amt/ transaction ?
Answer in details, please.
Thank you.
Answer in details, please.
Thank you.
16 January 2011
Hi
there is no tax implification on this transaction.
only that the karnataka branch should issue a F- Form to the mumbai for each month stock transfer.
if you are not produced the F form you need to pay the full rate of tax.
there is no tax implification on this transaction.
only that the karnataka branch should issue a F- Form to the mumbai for each month stock transfer.
if you are not produced the F form you need to pay the full rate of tax.
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 January 2011
Thank you, Ramesh.
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