Reduction Calculation Of Vat

[durgesh ratnagrahi]

Hi,

In Gujarat Vat there is Input Tax Credit Reduction on Branch Transfer 4% and Out of Gujarat State 2%.

Any body told how to Calculate the reduction for the same.

Regards

Durgesh

AI Summary

Input tax credit reduction calculation sought for branch transfers and outward interstate supplies; procedural method requested. Input tax credit reduction under Gujarat VAT is queried for transfers to other branches and for goods sent out of the State; the note identifies separate reduction mechanisms for branch transfers and for out of State transfers and asks for the proper method to calculate and apply those reductions to input tax credit claims for VAT compliance.