It is necessary to revise ITC availed on mobile phones purchased @ 14.5% where we will sell @ 5% According to the new Tamilnadu Budget 2015.
2 Replies
sesha
(accounts executive)
(1101 Points)
Replied 25 March 2015
within 31march if usell means iwillbe 14.5% if usellafter 31march itwill be 5%as per tnvat newrate
ANANDAKUMAR
(PROPRIETOR)
(66 Points)
Replied 06 April 2015
| Originally posted by : M.Vijayakumar | ||
 |
It is necessary to revise ITC availed on mobile phones purchased @ 14.5% where we will sell @ 5% According to the new Tamilnadu Budget 2015. |  |
There is no need to reverse proportionate ITC; Hence tax paid on purchase is claimable fully
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