hello friends,
please help me to clear my doubt,
in case of stock transfer outside the state by a registered dealer of goods over and above what percentage the input tax credit will be allowed????? is it 2% or 4%??????
thanks in anticipation
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Input tax credit on stock trasfers
Replies (3)
dear as per VAT if you have stock trf with in interstate first of all if you trf Against Form "F" you have no need to chg any tax and if you not F form its will charge CST not in case of Interstate and there is no input claim of CST as per act if you trf with trf and chg VAT than you claim Vat amt
As per karnataka VAT Act it is 4%.
Regards
Dayananda
there is no tax on stock transfer then how u can calim the input tax credit
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