banner_ad

Input reversal calculation.

206 views 3 replies
User Avatar

709 Points Joined January 2017
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?
0 Reply Share Follow
On 28 March 2022 at 15:56 Report
Replies (3)
User Avatar

Profession Business
28196 Points Joined May 2017
Input reversal is just the reversal of input tax credit availed at whatever percentage.
Reply
On 28 March 2022 at 17:51
User Avatar

915 Points Joined July 2017
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.
Reply
On 28 March 2022 at 20:33
User Avatar

GST Consultant
15986 Points Joined March 2013

Refer rule 42 and 43

Reply
On 29 March 2022 at 07:22

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details