Transfer of goods and credit
This query is : Resolved
14 July 2013
respected all
if assessee transfer goods n stock transfer basic in himachal pardesh..
can he avail 100 % input tax credit vat paid on local purchase in h.p
yes or no?
thanks
if assessee transfer goods n stock transfer basic in himachal pardesh..
can he avail 100 % input tax credit vat paid on local purchase in h.p
yes or no?
thanks
25 July 2013
IF THE MATERIAL IS PURCHASED IN HP AND TRANSFERRED TO OTHER STATES, 100 % ITC IS NOT POSSIBLE. THE CONDITION FOR 100% VAT INPUT IS, THE PURCHASE AND SALE SHOULD BE IN THE SAME STATE.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
Trending Online Classes
CAclubindia
