ITC on CST Paid stock
Santosh (Accountant) (27 Points)
24 June 2017Please clarify.
CA Akhilesh Kumar Kandpal
(Proprietor A K Kandpal & Associates)
(1442 Points)
Replied 24 June 2017
Santosh
(Accountant)
(27 Points)
Replied 24 June 2017
Devansh Jain
(...)
(1269 Points)
Replied 26 June 2017
Well, the perception of loss depends on the input tax credit you might have got and the output liability.
You need to see the difference Between "Composition tax payable" & "NET tax payable after adjusting ITC without composition.
If this difference is positive, you gain, othrewise you lose....
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