Itc reversal
This query is : Resolved
15 February 2014
if any one by raw material from state other than gujarat nd afrer manufacturing sell it to state other than gujarat. does he will be denied 2% by gujarat vat department for selling goods outside gujarat.
provide any ref. section or order of court of law.
thanks in advance
17 February 2014
When he buying outside Gujarat, no input tax is avilable, then how que of 2% reduction arise?
yes there is notification regarding "if any input material bought from Gujrat and ITC availed on same, and the same is being sold outside Gujarat, then 2% reduction to be done.
yes there is notification regarding "if any input material bought from Gujrat and ITC availed on same, and the same is being sold outside Gujarat, then 2% reduction to be done.
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