ex.opening stock as on 01/04/16 is 20
purchase during the year 100
sale during the year 80
closing stock as on 31/03/17 is 40.
should we get itc on 40??
please clarify.
Pulkit Purohit (25 Points)
22 June 2017
Noorendra Patel
(25 Points)
Replied 22 June 2017
Bablu Kumar Jha
(Accounts Manager)
(266 Points)
Replied 22 June 2017
Mr. N. Patel,
You will be avail ITC, on that stock which was not older than 1 year.
or Against C form purchase stock not avail in ITC.
kaniananth
(sivakasi)
(54 Points)
Replied 23 June 2017
How much to take ITC ?
Is Fully or Partially ? (40)
Pulkit Purohit
(25 Points)
Replied 24 June 2017
CAclubindia
