Poonawalla fincorps
Poonawalla fincorps

2% credit reduction on ogs sale

This query is : Resolved 

31 January 2014 sir, i want to know how to calculate 2% credit reduction on ogs sale.

20 February 2014 make ratio of within state purchases among total purchases for the period.
make OGS ratio among total sale.
then calculate reduction amount on basis of ITC claimed.
better option to discuss the method with Sales tax officer so that there is no ambiguity.



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