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Input tax credit

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(Querist)
01 October 2011 ca input tax credit claim on closing stock?
and what is atock reserve? with an example.
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CMA KNVV Sri Vidya - Sri Kanth

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CMA KNVV Sri Vidya - Sri Kanth (Expert)
01 October 2011 No u cant claim Input tax credit on closing stock
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ACMA Obulirajan R

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ACMA Obulirajan R (Expert)
01 October 2011 Yes you can claim the Input tax credit on closing stock however if your writeoff the same then you will have to reverse the input put credit taken to that extent of reversal.
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tarun gupta

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tarun gupta (Querist)
01 October 2011 can u give a practical eg.

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