Input tax credit

This query is : Resolved 

01 October 2011 ca input tax credit claim on closing stock?
and what is atock reserve? with an example.

01 October 2011 No u cant claim Input tax credit on closing stock

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.

01 October 2011 can u give a practical eg.


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