As per TN VAT act , that we are purchasing a goods within the state & taking credit and Suppose the purchase ll be from inter state means what ll do? How to reverse the credit & what is the formulas need to be apply?
1]. While Trfd the goods to own unit against F Forms .
29 October 2013
Central purchase we wont take credit sir but local purchase we ll take credit , that time what is the reversal method with the formula sir?
CAclubindia
