vat return

Querist : Anonymous (Querist) 31 October 2010 This query is : Resolved
I have a branch in orrisa and head office at bikaner rajasthan we transfer stock from Head office to branch office

and branch sale the material in Orrisa.

Should I show in branch slaes in vat return.

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s.subramanian (Expert) 31 October 2010
No need

R.Ramachandran (Expert) 31 October 2010
You have to show in the return what has been sold within the State. As for the sales effected by your Orissa branch, you have to show the same in your VAT return submitted to Orissa VAT authorities.

Devajyoti Barman (Expert) 01 November 2010
Yes

B.R. BHALLA, ADVOCATE (Expert) 04 November 2010
There are two terms under the VAT Act. One is "Gross Turnover" and it includes all kinds of sale and also includes the value fo goods exported out of the State or disposed of otherwise than by sale". The other term is "taxable turnover" which represents that part of the gross turnover which left after making deductions therefrom. As a dealer, one is disclose Gross Turnover in the Returns and then claim deductions including branch transfer.