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Ritc (reverse input tax credit)

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(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....
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
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.
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