Interstate sales

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INDIVIDUAL
84 Points Joined July 2011

KINDLY PLEASE REPLY AS PER TAMILNADU VAT ACT 2006,WHEN INTERSTATE SALES MADE PRIOR TO 11.11.13 AND AFTER 11.11.13,IS ITC REVERSAL TO BE CONSIDERED:-   (a) IF SALES WITH C FORM ?  

(b) IF C FORMS NOT PRODUCED AND DIFFERENCE OF TAX IS PAID?

(c) IF SALES WITHOUT C FORM? KINDLY PLEASE REPLY...    

KINDLY PLEASE REPLY

 

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On 22 September 2015 at 09:41 Report
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Cost Accountant
68 Points Joined June 2013
Before nov-13 no need to reversal of itc after Nov -13 till march-2015 u have to made reversal as per formula .after apr-15 govt give notification so no need of reversal now .even if u are selling without c form u have to reverse itc.if u not collect the c form highest product rate applicable with interest penalty differential amount u have to collect from customer
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On 22 September 2015 at 10:36
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Manager-Accounts
388 Points Joined December 2011

Is REversal of ITC agst Stock Transfers and Consignment sales , also withdrawn from April 2015, in tamil nadu?

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On 14 January 2016 at 17:10


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