some one can clarify, whether reverse credit is applicable on ITC for Stock transfers and consignment sales, in tamil nadu, Or is it withdrawn from April 2015?
2 Replies
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 14 January 2016
I think what is with drawn is reversal of ITC on Interstate sales without C Forms and not on Interstate stock transfers
chandra sekar
(Manager-Accounts)
(387 Points)
Replied 14 January 2016
Reversal of ITC agst Both Sales ( with/ without C Forms) , has been withdrawn.
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