Stock transfer to other state

This query is : Resolved

Kiran Patil (Querist)
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29 November 2012 Dear expert,
i want to confirm whether 2% reduction will be required in case raw material transferred from Maharashtra to Himachal pradesh against form "f"

Kiran

Ram Avtar Singh

Ram Avtar Singh (Expert)
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29 November 2012 Yes Input vat credit 2% to be reversed

Kiran Patil

Kiran Patil (Querist)
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29 November 2012 Thanks, sir for reply,

but i want to know that our raw material is imported and we take excise credit only (no vat credit)

kiran

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Ram Avtar Singh

Ram Avtar Singh (Expert)
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30 November 2012 if seperet accounts maintained for that goods then no need to reversed. other wise

total input credit
------------------X Consignment sale=input reversed
Total sale