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?
1 Replies
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
Recent Topics
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
- Two GSTN under different PAN in same address
Related Threads
CAclubindia
