https://www.taxtmi.com/forum/issue?id=3110 Raw materials and packing materials may be purchased at a concessional VAT rate against Form 11 if the goods are listed in the dealer's registration certificate and included in the bill of material. Where manufactured goods made from concessional inputs are stock transferred, a tax adjustment equal to the concessional levy on the stock transfer value becomes payable, and the allowability of input tax credit in such cases follows the statutory rule governing input tax credit and its proviso; historical calculation methodology differed previously and its input credit treatment is queried. en-us Mon, 27 Jun 2011 16:42:32 +0530 Thu, 23 Jan 2025 15:58:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3110 Raw materials and packing materials may be purchased at a concessional VAT rate against Form 11 if the goods are listed in the dealer's registration certificate and included in the bill of material. Where manufactured goods made from concessional inputs are stock transferred, a tax adjustment equal to the concessional levy on the stock transfer value becomes payable, and the allowability of input tax credit in such cases follows the statutory rule governing input tax credit and its proviso; historical calculation methodology differed previously and its input credit treatment is queried. Discussion-Forum VAT / Sales Tax Mon, 27 Jun 2011 16:42:32 +0530 https://www.taxtmi.com/forum/issue?id=3110