Good Afternoon,
I want to reverse the ITC for the goods distributed as Free Samples. But How should I calculate the exact ITC to be reversed on 75 Units as My client use several raw materials with different GST Rates.
Good Afternoon,
I want to reverse the ITC for the goods distributed as Free Samples. But How should I calculate the exact ITC to be reversed on 75 Units as My client use several raw materials with different GST Rates.
Thanks for Replying
Sir Can you explain why should I reverse the ITC on Outward Rate, not the itc on inputs used for producing them.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
