How much input tax credit claim

HARESH (Querist) 05 April 2013 This query is : Resolved
Dear Sir,

I am Register Dealer in Gujarat.

I purchases A good with in State of Gujarat and Sales to Delhi.

I Purchases Good at 4+1=5 vat and sales it against C-Forms to Dealer Register in Delhi.

How much Input Tax Credit Claim in the State of Gujarat ?

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Vidhi Joshi (Expert) 05 April 2013
Facts of your query are insufficient, engage a CA to get a proper reply.

Anirudh (Expert) 05 April 2013
In case you are stock transferring the goods, then you have to reverse 4% of input tax credit availed on the goods which are so stock-transferred.
If you are effecting CST Sales against Form-C, then you have to reverse 2% of input tax credit availed on the goods which are so sold.

CA Ayush Agrawal (Expert) 05 April 2013
You can take full credit of VAT whatever you have paid while purchasing.

next is sales...charge 2% from customer against C form.

Raj Kumar Makkad (Expert) 06 April 2013
Nothing to add more.

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