VAT CREDIT

This query is : Resolved 

30 August 2007 COULD IT MAY POSSIBLE AS TO TAKE VAT CREDIT WITH OUT PAYING PURCHAGE TAX IN ACTUALLY WHEN IT IF EXEMPT.
IN A CONDITION WHEN ONE HEAD OFFICE SENT ITS BRANCH OFFICE SOME GOOD AGAINST BRANCH TRANCFER (F FORM) SUBSEQUENTLY IT IS SELL TO ANOTHER REGISTER DEALER BY CHARGING 4% TA HERE MY QST IS COULD IT BE POSSIBLE FOR BRANCH TO GO VAT CREDIT .
THIS QUESTION IS ASKED TO ME BY CA IN ONE COMPANY INTERVIEW

30 August 2007 NO MODIFY

30 August 2007 NO MODIFY


30 August 2007 LL

03 September 2007 Hi,
the branch transfer against Form F is an interstate sale, & VAT Credit cannot be taken from the branch

19 November 2007 THE BASIC OF GETTING ANY ITC IS THAT SOME ONE HAS PAID THE TAX ON PURCHASES IN THE SAME STATE.



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