Reversal of vat input
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 March 2012
my question is :
I have written off some stock in the current year which was purchased before 31.3.2006. Should i reverse the Vat input credit taken on the same.I m registered under WBVAT.
I have written off some stock in the current year which was purchased before 31.3.2006. Should i reverse the Vat input credit taken on the same.I m registered under WBVAT.
07 March 2012
Yes, you have to reverse the Input tax credit taken on such stock.
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