Poonawalla fincorps
Poonawalla fincorps

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.



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