Reversal of ITC
saud ahmed (Student CA IPC / IPCC) (270 Points)
27 May 2019saud ahmed (Student CA IPC / IPCC) (270 Points)
27 May 2019
Nandini H Gupta
(Chartered Accountant )
(369 Points)
Replied 27 May 2019
If the amount is huge the same can be disputed, positive case law in earlier period" CCE & C Vs Precot Meridian Ltd 2015 (325) E.L.T. 234 (S.C.) in this decision also it is held that reversal of Cenvat/Modvat credit amounts to non-taking of credit."
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)