i send some items in our customers for
sample for Rajasthan party and i m in bihar
so i should reverse itc
question is what should i reverse cgst or igst
i dont want to calculate packing or raw material
simply i will calculate that this product before samplings cost rs 100 and gst rate is 18%
itc reversal
Replies (2)
Yes reversal of ITC is required on free supplies.
have to reverse under head in which you have claimed ITC for the same
have to reverse under head in which you have claimed ITC for the same
i have many items from cgst and many item from igst if i will take time to find out the material bom it wilk take my lot of time
Recent Topics :
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
Related Topics :
CAclubindia
