Dear All,
I have a query related to input vat reversal in Madhya Pradesh VAT Act. Actually,One of my client is a manufacturer and he is making Taxable as well as tax free goods.The problem is that the raw material is being used for making both type of goods but we are unable to account for them seprately.Should i reverse full VAT amount or there is any other way for this condition?? Please refer Section or Rule of Madhya Pradesh VAT Act. Prompt reply will be appreciated. Thanks in advance.
CAclubindia
