Dear Friends,
While Filing my VAT Audit Returns Stock Transfer Without Form F is Subjected for Reversal Credit Right. So this month While filing the returns I am unable to submit Form F. But While Filing the Return for the Subsequent month I submit the Form F for the Previous Previous month. Whether the Same Can be Claimed as Input Credit in the Subsequent Month.
Thanks in Advance.
Correct me if I am wrong.
In TNVAT, the requirement to reverse ITC on inter state stock transfer has been done away
Yes, goutham yu are wrong. Reverse credit on CST sales , both agst C Form and w/o C Form, was only withdrawn from 1.4.2015. Reverse credit of ITC on interstate stock transfer and consignment sales, is still applicable.
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