14 September 2010
SIR IF I TRANSFER THE STOCK FROM DELHI TO GHAZIABAD BRANCH , AGAINST F FROM , WHAT ACCOUNTING ENTRY WOULD I PASS, IF I DISALLOWED VAT @2% IN DELHI EXAMPLE AMT RS1000 STOCK TRANSFEER TO GHZ
14 September 2010
You can transfer full amount to ur branch. Since th branch s nt eligibl to take VAT credit, they can claim full amount as their expense..
14 September 2010
Dear Mahesh, u have made a correct entry. i assume 980.39 is the price at which stock is transferred to Branch means the cost at which goods are trfd. shall be shown inVAT return also in this case Rs. 980
CAclubindia
