Ritc (reverse input tax credit)
This query is : Resolved
Natasha Mourya
(Querist)
06 June 2014
Dear All,
What is reverse input tax credit, what is its use in Sales tax as I m aware a little bit but need a explanation please provide me a link if possible....
What is reverse input tax credit, what is its use in Sales tax as I m aware a little bit but need a explanation please provide me a link if possible....
06 June 2014
it means the tax credit already taken is now to be given back to the dept for some reason....in simple words like when u got the refund is now refundable to them.
Message likes :
2 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
