some one can clarify, whether reverse credit is applicable on ITC for Stock transfers and consignment sales, in tamil nadu, Or is it withdrawn from April 2015?
chandra sekar (Manager-Accounts) (387 Points)
14 January 2016some one can clarify, whether reverse credit is applicable on ITC for Stock transfers and consignment sales, in tamil nadu, Or is it withdrawn from April 2015?
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 14 January 2016
I think what is with drawn is reversal of ITC on Interstate sales without C Forms and not on Interstate stock transfers
chandra sekar
(Manager-Accounts)
(387 Points)
Replied 14 January 2016
Reversal of ITC agst Both Sales ( with/ without C Forms) , has been withdrawn.
CAclubindia
