Whether ITC has to be reversed if CST Sales has been made without C Form even if the Goods has been Purchased from Outside State?
Mukesh Babu (IPCC Student) (236 Points)
23 January 2014Whether ITC has to be reversed if CST Sales has been made without C Form even if the Goods has been Purchased from Outside State?
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 23 January 2014
I cant understand your query ITC Reversals are only for for those items purchased locally as inputs and for Capital goods availed errenously and CST has nothing to do with ITC Reversal but one point is there that if stock transfers have been made outside the state then proportionate ITC reversal need to be made
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