Ritc
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 May 2016
Dear Sir,
Please suggest, what are the treatment of ritc in books of accounts
Please suggest, what are the treatment of ritc in books of accounts
SANTOSH SAGAR K
(Expert)
10 May 2016
RITC - Reduced input tax credit may be charged off to the respective head of expenses. If bifurcation is not possible, take it to rates and taxea
Rupesh Jain
(Expert)
13 May 2016
you can debit the head if you identify other wise debit under duties & taxes
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