https://www.taxtmi.com/forum/issue?id=106495 Input tax credit on branch transfers requires prescribed documentary proof for goods covered by central sales provisions; absent such proof or for inter state supplies without the requisite form, ITC reversal is triggered. Reversal is calculated by apportioning total ITC to the value of stock transferred (ratio of stock transfer to total sales) and applying the applicable reversal percentage based on presence or absence of the statutory certificate. No reversal is required where transferred goods were not purchased under the VAT regime. en-us Wed, 05 Feb 2014 13:36:19 +0530 Thu, 23 Jan 2025 15:57:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106495 Input tax credit on branch transfers requires prescribed documentary proof for goods covered by central sales provisions; absent such proof or for inter state supplies without the requisite form, ITC reversal is triggered. Reversal is calculated by apportioning total ITC to the value of stock transferred (ratio of stock transfer to total sales) and applying the applicable reversal percentage based on presence or absence of the statutory certificate. No reversal is required where transferred goods were not purchased under the VAT regime. Discussion-Forum VAT / Sales Tax Wed, 05 Feb 2014 13:36:19 +0530 https://www.taxtmi.com/forum/issue?id=106495