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Tax treatment

VAT (Legacy) 448 views 2 replies

Reshma Golani

student

190 Points Posted on 15 February 2014

If a company purchases goods @ 4 % vat and transfer such goods to its branch at some other state(branch transer) against form'F' and branch further sells the goods..In this case what shall be the tax scenario as it is in the case of reversal & how the credit of tax will be utilized??

Replies (2)

Anand

Chartered Accountant

166 Points Posted on 24 February 2014

As per Delhi Vat you have to reverse input vat in proportion of stock transfer.

Anand

Chartered Accountant

166 Points Posted on 24 February 2014

As per Delhi Vat you have to reverse input vat in proportion of stock transfer.

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