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Itc as per tnvat

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(Querist)
26 September 2015 Sir/madam,

Can we take input tax credit against interstate sales not against cform but at a rate 5%. We have taken ITC against CST 5% in filing returns. what is the solution.
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RahulMehta

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RahulMehta (Expert)
27 September 2015 no you can't take.

Reverse that credit. if already utilised then pay in cash

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