Income Tax Wala: (Fin. Expert) (Chartered Accountants) (2015 Points)
16 October 2012WHETER FULL INPUT VAT CREDIT AVAILABLE OR 2% LESS, ON STOCK TRANFER (AGAINST "F" FORM) TO OWN HAVING BUSINESS IN OTHER STATE
Harshal Fifadra
(Chartered Accountant)
(1489 Points)
Replied 16 October 2012
No FULL set off is available in case if there is a branch transfer against F FORM .......
An amount equal to 4 % of the value of the goods stock transferred is reduced from your total ITC as retention u/r 53(3) of MVAT Act,2002
4 % from 1.4.2012
ok......
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