selling goods less than cost
irfan gul (20 Points)
19 May 2018irfan gul (20 Points)
19 May 2018
Rammi_RP Rawat
(Accountant )
(386 Points)
Replied 19 May 2018
Yes u can claim ITC of INR 10.....
Adjust ITC INR 5 in with your liabilitie and bls carrd forword.
Shankar Sharma
(505 Points)
Replied 19 May 2018
You got ITC for purchases made and you have to pay tax for sales done. Simply use ITC to offset the tax liabilities. It does not matter what you have sold, at what price and what rate.
RAJA P M
("Do the Right Thing...!!!")
(128085 Points)
Replied 19 May 2018
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India