Itc reversal
This query is : Resolved
29 October 2013
Dear Sir,
As per TN VAT act , that we are purchasing a goods within the state & taking credit and
Suppose the purchase ll be from inter state means what ll do? How to reverse the credit & what is the formulas need to be apply?
1]. While Trfd the goods to own unit against F Forms .
As per TN VAT act , that we are purchasing a goods within the state & taking credit and
Suppose the purchase ll be from inter state means what ll do? How to reverse the credit & what is the formulas need to be apply?
1]. While Trfd the goods to own unit against F Forms .
Ram Avtar Singh
(Expert)
29 October 2013
NO ITC ON CENTRAL PURCHASE ALLOWED.
29 October 2013
Central purchase we wont take credit sir but local purchase we ll take credit , that time what is the reversal method with the formula sir?
pls guide me sir.
pls guide me sir.
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