Easy Office
Easy Office

Input tax

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(Querist)
13 August 2008 we are claiming input tax according to A*B/C formula and i could not understand what to do with forgoing input tax towards branch transfer.. pL.advise
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CA. O.P. Agarwalla

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CA. O.P. Agarwalla (Expert)
18 September 2008 Proportionate amount of ITC so calculated should be reversed

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