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Ritc

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 May 2016 Dear Sir,
Please suggest, what are the treatment of ritc in books of accounts
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SANTOSH SAGAR K

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SANTOSH SAGAR K (Expert)
10 May 2016 RITC - Reduced input tax credit may be charged off to the respective head of expenses. If bifurcation is not possible, take it to rates and taxea
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Rupesh Jain

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Rupesh Jain (Expert)
13 May 2016 you can debit the head if you identify other wise debit under duties & taxes
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