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Reversal of input credit proportionately on Exempted Sales

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 August 2010 Dear Gautam Sir,

Further to my question regarding the above topic what would be the nature of reversal, reversal of utilisation of credits by payment of duty or reversal in the books of accounts of credits availe, kindly let me know
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gautam kumar vaish

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gautam kumar vaish (Expert)
30 August 2010 nautrally if you have make the balance amount of duty after taking the credit on the input of exempted sale, then your have to reverse it by making payment, or otherwise you have to reverse the book entry
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