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.
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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