Input tax credit
This query is : Resolved
tarun gupta
(Querist)
01 October 2011
ca input tax credit claim on closing stock?
and what is atock reserve? with an example.
and what is atock reserve? with an example.
01 October 2011
No u cant claim Input tax credit on closing stock
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.
tarun gupta
(Querist)
01 October 2011
can u give a practical eg.
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