VERY IMPORTANT CHANGE IN VAT

 

guys yesterday i refered the new module for ay.2011-2012 of ipcc applicable for may 2011 exams for tax and i discovered that in stock transfer tax paid on inputs and purchases which is available as input tax credit afterretention of 4% of such tax by the state govt is changed to 2%.the institute has not mentioned this in supplementary material.so i thought to quote this info if anyone is unaware about this......... 

Replies (4)

thank you for such a valuable info aditya..

Originally posted by : Sasanka Bhalaki

thank you for such a valuable info aditya..

Thank you for your timely information

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Thanks & Regards

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