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Vat Reverssal

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(Querist)
01 May 2009 Can anyone tell me about the vat reverssal in case of stock transfers.how much percentage is reverssed against the input.and what is section of which act(vat/cst)in which i can study about this..
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Vishnu Saboo

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Vishnu Saboo (Expert)
01 June 2009 4% or applicable tax rate, whichever is lower.
Sec 11.

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