Reversal of ITC

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..... Dear All, Dealer registered under Tamilnadu VAT Act has received notice from assessment circle proposing them to reverse ITC on goods stock transferred to other States, under Section 19(4) of TNVAT A .....

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..... ct. While provisions exist for reversal @ 5%, stand taken by the department to reverse ITC on entire amount (not only locally purchased goods, which are stock transferred) appears to be incorrect. I r .....

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..... equest views/Circulars/Case laws which support this view that ITC reversal is to be done only for goods which are locally purchased by the dealer and not entirely. Also, any precedents on this will he .....

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..... lp! Thanks. - Reversal of ITC - Query Started By: - RajeshKumar C Dated:- 27-2-2019 Value Added Tax - VAT-CST - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, p .....

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..... ersonal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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