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.
Anoop Bansal (student ) (199 Points)
17 January 2020Good 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.
RAJA P M
("Do the Right Thing...!!!")
(127160 Points)
Replied 17 January 2020
Anoop Bansal
(student )
(199 Points)
Replied 17 January 2020
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.
RAJA P M
("Do the Right Thing...!!!")
(127160 Points)
Replied 17 January 2020
Anoop Bansal
(student )
(199 Points)
Replied 17 January 2020
RAJA P M
("Do the Right Thing...!!!")
(127160 Points)
Replied 17 January 2020
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