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TMI BlogInput Credit on Branch TransfersX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, Dealer X is Purchasing Goods in the State of Tamilnadu and paying VAT @ 5% on his purchases. He is using the goods for manufacturing purposes. He is selling finished goods i.e. Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... able Sales in Tamilnadu and also sending some goods to his branches outside Tamilnadu. His Branch Transfers are supported by Form F issued by the Branch outside Tamilnadu. Whether the dealer is elig ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ible for input Tax Credit. - Reply By Pradeep Khatri - The Reply = You can avail the Input Tax credit provided you must reverse proportionate ITC on the Stock Transfer as per the provisions of TNVAT ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Act read with Rules made thereunder. - Reply By Madhukar N Hiregange - The Reply = There is a provision for partial rebating which needs to be examined and to the extent of that credit cannot be avai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... led or reversed. example Normal rate 5 % - PR = 2% then only 3% credit can be availed. - Input Credit on Branch Transfers - Query Started By: - Ramchander Rao Proddatoori Dated:- 20-9- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2014 Value Added Tax - VAT-CST - Got 2 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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