Tuesday, August 2, 2011

I am a registered dealer in Karnataka, and I have a branch in Maharastra. The raw materials are stock-transferred from that branch to Karnataka, and my finished products out of this raw material, are sold in Karnataka. Am I eligible for a rebate?

As for the raw materials received from a branch outside Karnataka, the input tax paid on
them in that State would not be eligible for input tax rebate in the State of Karnataka. If the inputs
are purchased within the State of Karnataka and are used in the manufacture of goods for sale,
then the input taxes paid on the raw materials would be eligible for rebate.

Visit related Links
Karnataka E-Sugam Full Information
Indian VAT websites for all states


Regards
G.Srinivas

0 comments:

Post a Comment

Copyright © 2015 Accounting & Taxation All Right Reserved
Subscribe by Email Get Free Updates
Don't Forget To Join US Our Community
×
blogger