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input credit of earlier tax paid on higher rate
if previous rate is 28% and now rate 12%, then buyer is eligible to take input credit of 28% which buyer pay to seller even if subsequently rete reduced to 12%
Replies (1)
If you mean Previous Tax Regime...?!
If Yes. You can file Tran Form then Only you can get Input Credit.
Otherwise no way and You ll be sell your goods and Pay to govt if any liabilities....
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