stock trf from head office to branch vat
manish sharma
(Querist) 31 January 2017
This query is : Resolved
Dear Experts,
Pls clarify :- our Up based Head office trf goods to its branch Mumbai by using form F and mumbai branch has sold this goods, my query is :- weather Head office can avail the ITC of Vat paid on raw materials,
Who will pay vat in respect of sale made by Mumbai branch weather mumbai branch or Head office,
Regds
Manish
Raj Kumar Makkad
(Expert) 31 January 2017
In the given case Head office can avail the ITC of Vat paid on raw materials whereas the VAT shall be payable by branch office.
Rajendra K Goyal
(Expert) 31 January 2017
Commercial query, discuss with local consultant on VAT.