Avail 50% discount on All CS & CMA subjects for Dec batch . Use coupon code Dec14

×

Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Discussion > VAT > Others >

Confusion Regarding RITC in UP VAT Act.

    Post New Topic
Pages : 1





Persuing CS


[ Scorecard : 254]
Posted On 27 December 2010 at 13:52 Report Abuse

Respected Sir / Mam,

                I have a branch in Sahibabad, Uttar Pradesh. The branch makes several stock transfer of materials against Form 'F'.

                As per new notification came to my knoladge is that the goverment is charging 4 % RITC (Reverse Input Tax Credit) on each stock transfer till now.

             Now, I want to know that, is there any circular related to it and how the RITC to be adjusted in my books?

           Whether to take RITC along with posting purchase or to adjust it with another journal.

            I also have to issue the Form 'F' on the basic amount charges in the bill.

              Please guide urgently.

Thanking You,

With Regards,

Nitil Agarwala


Online classes for CA CS CMA



There are 0 Replies to this message






Related Files








Related Threads


Post your reply for Confusion Regarding RITC in UP VAT Act.



Your are not logged in . Please login to post replies

Click here to login


Not a member yet ?? Click here to signup

Message







    

  • Use thank button to convey your appreciation.
  • Maintain professionalism while posting and replying to topics.
  • Try to add value with your each post.




Forum Home | Forum Portal | Member Control Center | Who is Where | Popular Threads | Today's Topic | Recent Posts | Today's Posts | Post New Topic | Thread With Files | Top Threads This Month | Forum Stats | Unreplied Threads

back to the top