what is input tax credit?
nd what is the rate for input tax credit on stock transfer
3 Replies
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 02 July 2010
Input Tax - It means when you have purchased any item, for further processing, the amount of VAT/CST/excise paid on it. This amount is available to utilised against your liability to pay tax.
rahul
(student)
(151 Points)
Replied 02 July 2010
thnx buddy
can u tell me what is the credit limit on stock transfe
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 06 July 2010
Upto 4 % credit you can avail on stock transfer.
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