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

Understanding VAT Input Tax Credit Reductions: 4% for Branch Transfers, 2% for Out-of-State Transactions In a discussion forum, a user inquires about calculating VAT input tax credit reductions in Gujarat. Specifically, the reduction rates are 4% for branch transfers and 2% for transactions outside Gujarat. The user seeks guidance on how to perform these calculations.