reversal of ITC on unused inventory peior to 1 year
This query is : Open
SEEMA MALHOTRA
(Querist)
15 May 2017
in manufacturing unit.
if we have unused stock of raw material prior to 1 year and we avail ITC at the time of purchase. now, in Gst ITC will be reversed?
CA Altamush Zafar
(Expert)
15 May 2017
If you have already availed credit it will be coming in your return. You can carry forward these credits in your electronic credit register. You don't have t
CA Altamush Zafar
(Expert)
15 May 2017
You dont have to reverse it.
SEEMA MALHOTRA
(Querist)
16 May 2017
thanks sir.
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