Reversal as per 42 & 43 of CGST Rule
Saurabh Dubey (Accountant) (68 Points)
07 March 2022I have query related ITC reversal that can we add Non taxable Export sale while calculating Reversal Value.
Which option can I choose for Calcualting Reversal, Please Suggest-
1. ITC*Exempted/Total Sale
2. ITC*( Exmpted + Non taxable Export)/Total Sale
Or, If am I wrong please tell us the calculation.
Thanks in Advance.