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
Ankur (na) (252 Points)
14 September 2011hello 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
sandeepverma
(don't make exuse for study)
(304 Points)
Replied 14 September 2011
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
DAYANANDA K N
(ACCOUNTS EXCECUTIVE)
(575 Points)
Replied 14 September 2011
As per karnataka VAT Act it is 4%.
Regards
Dayananda
Dheerendra
(Finance Incharge)
(122 Points)
Replied 15 September 2011
there is no tax on stock transfer then how u can calim the input tax credit
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961