For goods transferred between branches located in other State, the input tax credit for goods transferred is reduced by
CS Executive · Tax Laws and Practice · PYQS · December 2015
For goods transferred between branches located in other State, the input tax credit for goods transferred is reduced by
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: VAT (Value Added Tax)
Related Questions in this Topic
- Which method of VAT computation is generally adopted by the Indian States
- (i) Input tax credit availed during the month of April, 2015 is ₹20,500 (ii) Output tax payable for April, 2015 is ₹16,0...
- Balaji bought raw material by paying VAT of ₹20,000. He produced a different commodity which is exempt from VAT. He is e...
- 'Zero rate' sale is advantageous than 'exempt sale' in VAT, since the zero rate sale is
- The revenue neutral rate of VAT means the rate of