Itc reversal

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CA Praful (Querist)
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15 February 2014 if any one by raw material from state other than gujarat nd afrer manufacturing sell it to state other than gujarat. does he will be denied 2% by gujarat vat department for selling goods outside gujarat. provide any ref. section or order of court of law. thanks in advance

Vishnu Saboo

Vishnu Saboo (Expert)
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17 February 2014 When he buying outside Gujarat, no input tax is avilable, then how que of 2% reduction arise?
yes there is notification regarding "if any input material bought from Gujrat and ITC availed on same, and the same is being sold outside Gujarat, then 2% reduction to be done.

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