To which state 2% tax is payble in stock-transfer(st to st)
This query is : Open
10 January 2013
STOCK OF Rs.10, 00, 000 (TAXABLE GOODS-OF 20%VAT CLASS) TRANSFERRED FROM ORISSA BRANCH TO MAHARASHTRA BRANCH.
IN ABOVE TRANSFER:-
WHAT RATE/AMT OF TAX PAYABLE TO WHICH STATE ?
PLZ SUGGEST ME FRIENDS.
STOCK OF Rs.10, 00, 000 (TAXABLE GOODS-OF 20%VAT CLASS) TRANSFERRED FROM ORISSA BRANCH TO MAHARASHTRA BRANCH.
IN ABOVE TRANSFER:-
WHAT RATE/AMT OF TAX PAYABLE TO WHICH STATE ?
PLZ SUGGEST ME FRIENDS.
10 January 2013
from the state where the goods are moving out , to such state there would be restriction on the input tax paid on such goods as per local laws of that state.. in your instance it the state of orissa.. and in the state of mumbai it would be a regular tax payable on sales at local rate of tax applicable in the state of maharastra.
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10 January 2013
IS THAT TAX RATE DEPENDS ON THE (CLASS OF TAXABLE GOODS) ?
IS THAT TAX RATE DEPENDS ON THE (CLASS OF TAXABLE GOODS) ?
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