To avail the benefit of Deemed Credit i.e. 40/60% Charge tax at full rate. Pay tax, file return.
Fill tran 2 form. It will be credit in your electronic credit leader.
Kind of cash back scheme.
But here how to pass on the benefit to consumer by way of reduced price ?
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ITC Credit
Replies (1)
Yes......... net price should get reduced to that effect.....
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