if purchase is more than sale
s then what is its effect in return and vice versa
2 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 20 July 2018
Then the ITC is carried forward to next month.
Vinod Babu
(24191 Points)
Replied 20 July 2018
Yes input tax credit will be excess when Itc is more than otc and therefore carried forward to next month.
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