Vat return

Siddhi Jhunjhunwala (Querist) 24 July 2013 This query is : Resolved
We had purchased goods in west bengal by paying VAT, transferred the goods to our branch office outside west bengal at cost price.
How will we show this in our West Bengal VAT Return? How much Input will be reversed?

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DILIP KUMAR AAGARWAL (Expert) 25 July 2013
3% ofinput tax will be reversed and show entries in the books as stock transfer.first you debit the input tax and then credit the reverse amount.

Siddhi Jhunjhunwala (Querist) 24 October 2013
Can u provide me with the Section where it is written 3% of reversal

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