hi, how do we calculate the input reversal amount on expiry, sampling etc.
how do we calculate the reversal amount if our input is 12 and 18% and output is 28+12% cess?
Menu
Input reversal calculation.
Replies (3)
Input reversal is just the reversal of input tax credit availed at whatever percentage.
Input regarding on expiry will not happen,which will b already claimed by the supplier , supplier can not supply such goods with in 6 month of expiry date.
In sample case manufacturing unit paid GST.sample pack distribute among the physician by the company sales executives.
In sample case manufacturing unit paid GST.sample pack distribute among the physician by the company sales executives.
Refer rule 42 and 43
Recent Topic
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
- ITR-3 Filling issues
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
Related Topics
CAclubindia
