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TMI BlogReversal on Form F is requiredX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Team, I have a query, how to calculate reversal against form F ( Stock Transfer ). Is this reversal is required for assessment. If yeas where to show this figure in form. Regards Jeyakumar - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply By Pradeep Khatri - The Reply = Dear Jeyakumar C, You would have to reverse ITC in excess of 2% or as per the formula as mentioned in TNVAT Act. Yes, reversal is mandatory in case of tran ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sferring of stock under CST Act. There is no requirement to mention this amount on the Form F rather it would be mentioned in the Statutory Returns. Regards YAGAY and SUN (Management, Busi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ness and Indirect Tax Consultants) - Reply By LAKSHMI NARAYANAN TR - The Reply = W.e.f 11.11.2013 ITC upto 5% are to be reversed in case of Stock Transfer under Sec 19(4) of TNVAT Act. Prior ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to 11.11.2013 it was 3%. - Reply By jeyakumar c - The Reply = Thank you Sir... - Reversal on Form F is required - Query Started By: - jeyakumar c Dated:- 18-11-2014 Value Added Tax - VAT-CST ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Got 3 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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