Vat on sale
Md. Abdul Kalam (CEO) (551 Points)
10 January 2017Md. Abdul Kalam (CEO) (551 Points)
10 January 2017
JAGJIT KASHYAP
(TAX CONSULTANT)
(109 Points)
Replied 11 January 2017
Please,
Mention that whether your head office and Branch is with in the same state or not.
Md. Abdul Kalam
(CEO)
(551 Points)
Replied 11 January 2017
JAGJIT KASHYAP
(TAX CONSULTANT)
(109 Points)
Replied 11 January 2017
Sir,
In this case you will not able to take input credit of VAT paid on purchase of goods, which you transfer to your branch in another state and for settlement of VAT payment, which you will collected from sale from your branch i.e. in another state.
Becase you paid tax at the time of purchase of goods, then on branch transfer CST will not be applicable, if transfer is made against F form.
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