banner_ad

Itc reversal

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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 .
Profile Image

Ram Avtar Singh

Profile Image

Ram Avtar Singh (Expert)
29 October 2013 NO ITC ON CENTRAL PURCHASE ALLOWED.
Profile Image

Anandh S

Profile Image

Anandh S (Querist)
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details