Input tax credit on closing stock
vijay dutt (SELF EMPLOYED) (23 Points)
17 June 2017vijay dutt (SELF EMPLOYED) (23 Points)
17 June 2017
Gagan Singla
(564 Points)
Replied 17 June 2017
Gagan Singla
(564 Points)
Replied 17 June 2017
Umesh V Naig
(Statutory Analyst)
(452 Points)
Replied 22 June 2017
be specific explore all the law interpret
if any registered VAT dealer purchasing under CST 2% or CST 14.5% full tax what is the score
if any stage wise Excise registered purchasing under CST as above and local VAT what is the situation
if exempted how he will take
if ITC is taken on as above will it be considered as income because Govt is allowing as a credit , you have already booked as expenses .
on this ITC any income tax is applicable
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