As per Rule 53(3) of MVAT Act,
`If any dealer dispatches any taxable goods outside the state, to any place within India to his own place of business or a agent, then an amount equal to 2% should be deducted from the amount of setoff in respect of said purchase.'
But in our existing report `ZFFORM', we only get the amount & quantity of the Material transfered to Other state.
But we are not able to identify the MC, Article & 'Purchase details' of the same.
Hence as per the above rule, setoff will not be admissible fully on the local purchases which are been transfered to the other state.
Therefore in order to work out the accurate setoff, we need to identify the detail of such purchases which are been transfered to other state.
Can some body help on to Providing Table and field names for the same
Details of Purchases should include:
iii.SAP Document no.
iv.SAP Posting Date
vi.Mercandise Category Code
ix.Total Bill Amount
x. VAT Tax rate