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Input on closing stock
suppose my closing stock as on 30th june 17 is 10,000 qty of cost rs 1,00,000, same filled in trans1 ok.. in july i sold all 10,000 qty for 1,50,000 so my question is that i will get input tax credit on 1,00,000 or 1,50,000 in trans 2
Replies (3)
you got credit on your sold stock which you fill in trans 2 .
means i will get input credit on 1,50,000 ???
yes right
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